Oh well sell the tickets for $3 anyway and give the money to someone at random
hey, a little recognition here people! (Not that I crave attention or anything)
I do not want to detract from Fionah's insight and clarity, but I said the same thing!
Ok, that's all. WEll done fionah
Buy real estate.
With $1million dollars, and knowing the right lenders and brokers I would say I could buy $4million dollars worth of real estate here in the US.
That's 20 single family residential properties at $200,000.00 each bought with a $50,000 downpayment (so 25% equity overall)
I'd then lease them out, not necessarily looking for a cash flow, but only to pay the mortgages/property taxes.
Now, if I assume appreciation at a very conservative 10% per anum then in around seven years the value of that real estate would have doubled to $8million.
I'd have havd all my mortgages set up to amortize over 15 years so in 7 years the $3 million debt might be around $2 million.
So, my debt would be $2 million set against assets of $8 million, leaving me a nice fat profit of $6million.
That's a ROI of 600% which ain't to shabby!
what would be the odds of getting the jackpot if you went and invested your £1 million earnings from the show onto the national lottery?