$10,000,000 is a lot of money, and gives some room on things that can be done. I will be able to buy 2 buildings across the street from each other. This will make management of the buildings simpler to do. There is so much that can be done with $10,000,000. I will need 2 properties for my goals to be met, and Those goals will be inline with what I would need to do. The following will be what would need to be done:
- $2,500,000: Cash on Hand
- $2,500,000: Properties
- $5,000,000: Investment Fund
Cash on hand will allow me to acquire all of my significant purchases, and income until my investment account will generate my money. All of the NAS systems I will need will be from this. In addition, I will want 2 Rottweilers which will not only make great pets, but will also make good guard dogs, and that is the role they will serve for me, and any foster children I might have. I will also have to acquire my Ideal Phone Setup which will cost thousands of dollars. Domains, paying for rent at my current place until I can move, and so on. This will be the same amount of money I will give myself if I won $5,000,000 – but it will have to go further.
The properties will be my 3 Story Building, and 4 Story Building. The 3 Story Building will have a studio, and a 1 Bedroom apartment. I won’t have parking at this location, so my friend will not take the 1BR apartment, so I will have to find tenants for both. The 4 Story Building will be a 2BR apartment, and my personal residence. The goal will be to generate an income from these properties which I am sure will fill up quickly. Since the buildings are across the street from each other, I can wait until the last minute to meet any prospective tenant.
The investment fund will be double of what I would have for my $5,000,000 site. This will mean the return of investment will be double, and. therefore allow me to have the financial resources to continue doing what I would want to do.