$14 Billion in Equity. What should I do with it?

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$14 Billion in Equity. What should I do with it?

James Wise
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes

Recently a family member passed away, leaving me with a building that has $14 Billion in Equity.

What should I do with it?

Turnkey?

HML?

Flips?

Bet it on the Horseys?

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Nathan GesnerBusiness Member
Moderator
Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
3y
Quote from @James Wise:

Two chicks at the same time.

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  • Scott Mac
    Austin, TX · Member since 2019 · 5k+ posts · 5k+ votes
    3y
    Quote from @James Wise:

    Recently a family member passed away, leaving me with a building that has $14 Billion in Equity.

    What should I do with it?

    Turnkey?

    HML?

    Flips?

    Bet it on the Horseys?


     There is a secret safe on the 300th floor with enough cash to pay the ineritance tax.

    L24 R12 L15

    0Reply
  • Steve K.
    Realtor · Boulder, CO · Member since 2016 · 3k+ posts · 5k+ votes
    3y

    Sell it, buy a bunch of McDonald's franchises, and bring the McRib back.

    1Reply
  • James Wise
    OP
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
    3y
    Quote from @Jill F.:

    https://www.wealthymint.com/mo...


    But what's the ARV on that $4.8 billion yacht?

    0Reply
  • James Wise
    OP
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
    3y
    Quote from @Steve K.:

    Sell it, buy a bunch of McDonald's franchises, and bring the McRib back.


     This might be the move...I am a man of the people after all. They would love me. I would be a god.

    1Reply
  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    3y

    @James Wise

    Start a crypto exchange in the Bahamas. Call it Wise Crax.

    After it’s setup you and your posse can all hang out in a penthouse condo working from home.

    What could go wrong ?

    Option #2 is move to Portugal.heard you have some “friends” there

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  • Nathan Harden
    Real Estate Agent · Puyallup, WA · Member since 2022 · 551 posts · 378 votes
    3y

    Vegas. Horseys. Can't go wrong with either. lol

    0Reply
  • Engelo RumoraBusiness Member
    Investor · Toledo, OH · Member since 2013 · 4k+ posts · 2k+ votes
    3y
    Quote from @James Wise:

    Recently a family member passed away, leaving me with a building that has $14 Billion in Equity.

    What should I do with it?

    Turnkey?

    HML?

    Flips?

    Bet it on the Horseys?


    I asked Chat GPT for you:

    There are many options for what to do with a building that has $14 billion in equity. Some possibilities include:

    • Keeping the building and renting it out for income
    • Selling the building and investing the proceeds in other assets
    • Using the building for a business or commercial enterprise
    • Donating the building to a charitable organization

    It will depend on your financial goals, risk tolerance and tax situation. It would be best if you consult with a financial advisor and/or attorney to determine the best course of action for your specific situation.

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  • Mark Tedrow
    Real Estate Agent · Kent, WA · Member since 2022 · 2 posts · 1 vote
    3y

    Looking for more cash flow? Id find a way to pull some of that equity out and get more short term rentals. 

    0Reply
  • Carla Kordab
    Property Manager · Cleveland, OH · Member since 2022 · 80 posts · 48 votes
    3y

    This is an amazing opportunity for cash flow, how many units is there? Rent and gain a monthly return! Done

    0Reply
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