Million dollar opportunity
I have been approached by a family to help build a real estate business with them. They propose a 1 million dollar investment to begin with. If we are profitable the first year they will add another million, and this will continue year after year. They are interested in the Baltimore market which I am familiar with. However, I’ve never really considered my investment strategy with a million dollars (all cash, not borrowed). They are interested in everything ... rentals, flips, new construction, multi-families. They’ve asked me to write a strategy proposal but I’m not sure what the best way to go is. With a million dollars I’m estImatIng we could do between 7-10 houses as flips in a year. For my experienced investors out there... what would you guys do if you were given a million dollars to build a real estate company from the ground up?