If you had $10MM, what would be your plan to create the most wealth possible?
No timeframe. How would you scale $10MM into the largest CRE portfolio possible?
[{"id": "ivmpxtt", "text": "Bruh, just buy dogecoin.", "replies": [], "depth": 1}, {"id": "ivmris5", "text": "Well first, I wouldn't take any advice I got on Reddit...", "replies": [], "depth": 1}, {"id": "ivmtiwz", "text": "If investing, find markets where you can get good leverage when buying, raise rents and refinance quickly.  And repeat to buy more and repeat.  And look closely at your return on invested capital to ensure maximum growth.\n\nThere is a balance to find between growth and risk.  How risk adverse are you and how quickly do you want to grow.  They may conflict with one another.", "replies": [], "depth": 1}, {"id": "ivmv6o0", "text": "I bet people in the commercial real estate sub will say you should buy some commercial real estate", "replies": [{"id": "ivn6aax", "text": "I was gonna suggest they go all in on gamestop", "replies": [{"id": "ivx57es", "text": "diamond hands!", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ivo7puq", "text": "Buy a building at a decent discount fix it up and raise rents. In whatever asset type and geographic area you are most knowledgeable on.", "replies": [], "depth": 1}, {"id": "ivoehpp", "text": "Personally I\u2019d put 2M in the market and the rest in real estate through basic SFH rentals and private equity funds.\n\nNow that\u2019s what I\u2019d do. However if you are trying to get the \u201clargest CRE portfolio\u201d you could get debt of around 20-30MM with that 10MM cash and deploy that on multiple properties. You could also partner with a developer on a larger project (higher risk but higher return).", "replies": [], "depth": 1}, {"id": "ivpz97f", "text": "Metal built self storage with large tract and a good mix of drive-up, interior units, and RV/boat storage. Great cash-on-cash returns with a nice exit if rolled up into a portfolio. Assume $2-3m all-in dev costs levered at 65%- likely able to develop 6-8 units and still have cash on hand for operations. Let's say a conservative lease-up of 18 months with a consistent rate push for new move-ins for the next 18 months. Likely 1.75-2.3x your money in a 3-year investment horizon and keep rolling money into new developments.", "replies": [{"id": "ivr0id8", "text": "I think this would be the best approach too IMP", "replies": [{"id": "ivr0j2f", "text": "IMO", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ivq5jct", "text": "if I had 10 MM why in the world would I want to create the largest CRE portfolio possible?  I'd go enjoy life instead of doing any of this shit and pay someone else to bring me my options", "replies": [], "depth": 1}, {"id": "ivqfyug", "text": "Land", "replies": [], "depth": 1}, {"id": "ivqkvky", "text": "Cliche but I would diversify what you buy.  Initially target some Triple Net Retail property with A Grade Tenants, corporate backed guarantees strictly for the cash flow.  Would also find some industrial property, same criteria turn key Industrial  assets.  Then with a portfolio of cash flowing, A market assets I would then start to identify value add Multifamily deals where there's more risk but far more upside with major reno.  If done right, you can start to utilize that value add to snowball into more projects.  The end all be all would be to have an established portfolio to leverage and work your way up to strictly new development projects.", "replies": [{"id": "ivr0sdl", "text": "This is a solid answer", "replies": [], "depth": 2}], "depth": 1}, {"id": "ivqzyvl", "text": "10 million dollars and you\u2019re here on Reddit\u2026", "replies": [], "depth": 1}]