United States · Member since 2015 · 14 posts · 3 votes
Hello guys,
How can I make 10k a month through rental properties with an investment of 1 million dollar in 1-2 years period. (Without holding any full-time jobs)? How is it possible to make 20k a month in a 3-5 years period?
Real Estate Investor · Houston, TX · Member since 2015 · 269 posts · 31 votes
10y
I could toss you a million remedies, but more importantly, what is the goal? What is that your are really after? Why real estate? Have you started with the end in mind? What are you trying to create?
Real Estate Broker · Naples, FL · Member since 2013 · 9k+ posts · 6k+ votes
10y
If you have 1M cash, 10K a month is quite possible. Ask yourself how much you want to be involved. Do you want to be a landlord? Do you want to sub out the management? How about investing in 1st lien mortgages? 1M will easily net out over 120K a year in interest...probably more. You can also invest in commercial as a TIC investor, buy REITS (returns won't be as high but you have no participation), etc. There are many options and you need to decide what route is best for you.
Rental Property Investor · Knoxville, TN · Member since 2015 · 45 posts · 24 votes
10y
If I was in your shoes, I might put half of the funds into multi family properties and lend the other half out as a HM lender. You could also buy notes.
Investor · Miami Beach, FL · Member since 2015 · 55 posts · 10 votes
10y
Welcome @Account Closed to BiggerPockets,
There are several options you can select from. You can buy turnkey rental packages, you can buy several rentals separately like Jesse suggest. You can find an expert who will work with you and find the best solution.
Memphis, TN · Member since 2013 · 969 posts · 524 votes
10y
@Account Closed
You could possibly buy a portfolio of properties already performing and hire a GREAT dependable/honest property management company to mange them for you. Many many options with that amount of money.
Investor · Thermopolis, WY · Member since 2012 · 4k+ posts · 4k+ votes
10y
You can do a lot of investing with a million dollars. You can buy with cash or you can leverage your money and pay anywhere from 20 to 50% of the purchase price as down payment and buy five million in property that will pay itself off over the years. There are a lot of options, don't rush, take your time and do it right.
Home Inspector and Real Estate Investor · Bloomington, MN · Member since 2015 · 38 posts · 9 votes
10y
If you've got a million in a retirement account, a lender will count withdrawals as income. You need to show some history to get it to count. My current deal they asked for six months withdrawal history, plus want to see me set up a regular withdrawal, which I can cancel after the loan is closed. If it's not in a retirement account, then I don't know the answer!
Rental Property Investor · Arlington, VA · Member since 2015 · 160 posts · 53 votes
10y
I'm gonna have to agree with @Roland Thomas on this one. If you had a million dollars to invest. I'm sure if you searched hard enough. You could just hand over that money to an entity that would simply have a written agreement to give you back 10k monthly for the rest of your life. While they made your money multiply in ways you've never imagined.
So the question is, if you have that amount of money and presumably no REI experience. Why real estate? Whats your direction? Are you willing to put up with all of the headaches that go into learning the business and operating? If you really want to ride this train the first thing to do would be to educate yourself. Read the books, listen to the podcasts, attend the webinars, talk to seasoned vets.
Build a business strategy and plan that can grow exponentially and work for you autonomously at the end of the day. A million dollars thrown into real estate without a proper plan holds the same level of risk as throwing that money at a slot machine in vegas. Learn to mitigate the risks and find a path that your comfortable with.