Daily Question for 1 October
Daily QuestionOne a day
Question
What's the best investment for someone starting with $100,000?
Response
If you have $100,000 saved up, put it into commercial real estate, specifically multifamily properties like duplexes and triplexes. You can put $100,000 down and buy a $300,000-$400,000 property. The key is to manage it yourself—lease it yourself, take care of it, run the books yourself, and learn the game. Fix it up and keep it going. Then eventually you can refinance it, pull some cash out, and go buy another property. This approach lets you build wealth through real estate rather than keeping money sitting in a bank where it erodes due to inflation. One billionaire real estate entrepreneur emphasized that this is how you leverage other people's money to build substantial wealth over time.
Sources & references
- 01Asking Billionaires How They Got RICH! (Florida)2:06(opens on YouTube in a new tab)
So if somebody has $100,000 saved up right now, where would you put that money in today's world? >> I'd go right into a commercial property. I'd find an asset class you like. The truth is multif family is the easiest one to get into. You could buy a duplex, a triplex, put a $100,000 down. You could easily buy a three- $400,000 property. You need to manage it yourself. You need to lease it yourself. You need to take care of it. Running all the books yourself. Learn the game. Fix it up. Keep it going. Then eventually can refinance it. Pull some cash out of that and go buy another.