What would you today with $1,000,000?

[Account Closed]

Would love to hear the opinion of anyone on how exactly he would take $1,000,000 cash and utilize it to meet the targets below.

Please, if any agents/brokers are replying, don't talk about the market you work in as it's a bias opinion due to the nature of your work.

I currently live in Spain, but can oversee projects and physically arrive at a destination if needed but not relocate.

Goals:

1. Long term appreciation

2. Break even cash flow or positive cash flow (on todays rates)

Willing to do value add and development project

[Corby Goade]

I'd buy as many LTRs or STRs as I could in growing, landlord friendly areas, putting 20% down on properties that I liked that would be cash flow neutral or better on year one. Those deals get better and better every year in a very substantial way. 

We invest in Boise, ID, which has seen average appreciation of approx 13% and 10% rent increases over the last 10 years. It's likely the most landlord friendly state in the country. Heck- this legislative session, the state just passed a law stating that no city can pass any laws regarding rent controls or limiting the fees that a landlord can charge. There's also a law that HOAs are not allowed to regulate property use in any way, meaning they can't tell you that you can't have an STR or LTR.

Excellent problem to have, best of luck!