$800k

[lilman]

I have $800,000 sitting in my bank account with enough income to borrow additional 1.5million. What are my options in terms of developing property?

1. Buy a large multi unit site and develop
2. Buy a large number of houses/units and just rent them out
3. Buy commercial property
4. Buy Shares

I have also been offered $3,000,000 to invest along with my money but have refused to take it without a plan.

Ideas/Options?

 

[knightm]

What do you want? Ie describe your goals for your money, and you in say 2, 5 and 10 yrs. This will greatly effect the kind of investing you do.

 

[CHAOS]

Congratulations.
What is your experience with property thus far? What do you want to achieve? How does the offer of 3mill help you get there?

 

[CHAOS]

Create your own plan - that way you ensure it serves your interests

 

[Scott No Mates]

That sort of money puts you in a reasonable position to purchase a multiple tenancy or larger commercial property on the eastern seaboard.

This will provide cashflow as well as spreading risk over several leases.

 

[Shahin_Afarin]

The answer is dependent on the amount of time you are willing to invest into the strategy/option and your risk tolerance.

There are other elements that come into play is borrowing capacity and deposit levels required.

$800,000 may be satisfactory for shares but it may not be enough for a large scale development.