2007-05-16 05:15:05 · 31 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
SHOP SHOP SHOP
2007-05-19 00:50:43 · answer #1 · answered by c s 2 · 1⤊ 0⤋
I'd buy a $450M apartment building selling at a 8% cap rate, meaning it had net operating income of about $36M, or generating about $14M per year after paying debt service. That represents better than a 10% return on equity. Although even better deals might be found, I'm sure I could find a transaction at least this good if I had the $140M to invest.
At that point, a lot of people would just settle for an extra $14M per year, which would increase as rents increased (a 10% increase in rents would increase net take from $14M to $18M/yr). But I'd use the extra income to increase my net equity until I could live off my investments and not have to work at a job any more. The best part of that would be being able to spend more time with my wife and kids.
2007-05-16 13:24:13 · answer #2 · answered by Marko 6 · 0⤊ 0⤋
If I had credit card debt, I'd pay it off. Student loans and mortgages typically have interest rates that aren't worth paying down. I'd invest the rest and retire a couple years earlier than planned.
Maybe a little cruise in there :)
Keep in mind that 90% of Americans are not saving enough to retire. Almost everyone could use a boost, and needs to keep their hands out of the cookie jar.
2007-05-16 12:26:31 · answer #3 · answered by ptstrobl 3 · 0⤊ 0⤋
First of all I would invest a part of this sum in order to spend money for ever! So, I would buy some new clothes, expensive cars, like Jaguar, Mercedes-Benz or something like that, a luxurious villa with a pool etc. Finally I would spend the rest money for charitable aims.
2007-05-16 12:35:28 · answer #4 · answered by marymag22 2 · 0⤊ 0⤋
Congratulations >> Invest Most Of It >> Share A Percentage with Your Parents and Siblings <>>?<<> BLOW the Rest on Things You Always Wanted and Have a Great Time " GD Luck "
2007-05-16 12:35:21 · answer #5 · answered by Terry 3 · 0⤊ 0⤋
That's not enough money to make plans for. By the time taxes come out, maybe it'll pay off a mortgage loan (or some of it), and get me a trip to visit family. Not something to make exciting, big plans with.
2007-05-16 12:25:05 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Pay off my debts, make a good payment on the mortgage and take a vacation with my husband. I'd probably give some to my parents too.
2007-05-16 12:23:41 · answer #7 · answered by Xiomy 6 · 0⤊ 0⤋
Pay off my debt, help my daughter get back on her feet after a mva has left her unable to work. Bank the remaining money in savings.
2007-05-16 12:25:17 · answer #8 · answered by andee_lapointe 2 · 0⤊ 0⤋
Pay all my debt off. Donate some. Go on a vacation put a lot in my 403B account and have fun with whatever I had left.
2007-05-16 12:23:35 · answer #9 · answered by mageta8 6 · 0⤊ 0⤋
pay off the rest of my college tuition, buy my gf an engagement ring and a car (she got screwed in the car situation) and use whats left (80 grand) to save and pay for an apartment for a while
2007-05-16 12:26:01 · answer #10 · answered by Anonymous · 0⤊ 0⤋
Put about 100k towards my mortgage and spend the rest towards paying off my credit cards. With the leftover take a nice vacation and buy a car.
2007-05-16 12:18:53 · answer #11 · answered by Anonymous · 0⤊ 1⤋