OfflineSuppose you had $1,000,000 dollars. How would you use it to get the most out of it?
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I wonder why it seems no one replied to this one.
Well, my answer is that I would leverage it into $2M, then $4M, and so on.
Then I would buy stuff cash after all my debt was gone.
Wow! I'm happy now.
Regards all,
Best Regards,
Anita
(Licensed Realtor-Military Vet-9/11Vet)
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A self-directed realization for 2014 is to:
Live life as if always on vacation and have all the good health, time, & wealth to enjoy it.
Work, only when and IF desired. Helping others do the same. It Pay$ To Connect!
Always In Gratitude.....
big response from people looking for LO properties. Some were looking for someone to hold a note for 15 years (none of our cash buyers are doing that right now.) I would hold some notes but am sure there are other better ways I'm note aware of.
Lea
SPR Property Solutions, LLC
The money would definitely be used to purchase properties. Then pay off those properties to have a positive cash flow. Secondly use the funds to fund other investors to create more cash flow. All the time, planning and taking vacations with my wife and family since we have never been on one. I would also pay off any and all debt for my side of the family, and my wife's. Lastly, I will buy my family a real house, a place we can call home.
Bill G.
P.S. Good Question, Somewhere in there I will buy myself a vehicle.
Never Give Up, Never Surrender!
I would use it to buy cash-flowing properties, refi my money back out (plus some to add to my million). I would build my cash-flow to the amount I want to live on and play with and give to family, and keep using the million to flip properties or fund other investors in transactional funding. I would give 10% percentage of all profit as tithe to my church, and a large amount to the SPIFF Fund. I would also use some of the profit for continued learning and experimenting in REI.
The fun part is, even though I don't have $1,000,000 in CASH (YET!), I am already doing this on a smaller basis and loving it! Woohoo!! I don't think it will be long til MANY of us can be answering Jeff's question in PAST tense rather than future!
Here's to all the future DG Millionaires!!
Rina
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249
Well $1,000,000 isn't that much money so I would use it to buy and flip a bunch of $50,000 houses into $100,000 houses. It would take about 4 months to double the $1,000,000 so by the end of 1 year I would have about $8,000,000 if I double that amount 3 times.
You've got to find your obstacles and call them out! Unsheath the sword, and do battle with whatever it is that holds you back!
So cool. Did you think 3 years ago you would ever so nonchalantly talk about flipping so many houses in a year?? Or realistically control 8 million dollars or more?? Awesome!!
Curious, what would you do with the 8 million? (and I've got to learn the trick of paying as little taxes as possible on flips!)
Rina
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249