Welcome to my If I Had $25,000,000 site. This will be the minimum I would need to start a business that would positively impact the low income community with Section-8 accepted residences. All of the money noted here will provide for this resource while still allowing me to have money to keep myself without needing too much. Since I will want to have a realty company, there will be a number of resources that I would need. These resources are as follows:
- $5,000,000: Investment Account
- $5,000,000: Cash on Hand
- $15,000,000: Realty Company
The investment account will be a guaranteed source of income that I will rely on if I don’t have enough paying tenants yet. This money will give me about $28,000 in net income. Net is after taxes which I will assume 25% for Capital Gains Tax. I will also give myself an income as the owner of the company, but that is another website. By assuring that I will always have income, it would allow me to not worry about things, and since it is about $28,000 – there is little I can’t buy right away. I would assume $5,000 per month is minimum for comfortable living.
Cash on Hand is the cash I will have. $5,000,000 can not fit into a US bank account and be fully protected. I will need a Swiss bank account for most of my money. My checking account will start off at $250,000 with the rest being in the Swiss account for protection. Once I get myself down to $25,000 – I will add $225,000 back to my checking account for $250,000 which will of course be used until getting below $25,000 again. However, with my investment account being as significant as it would be, I will likely never burn enough money where I will bleed money even if for just a month.
60% of my windfall of money will be devoted to a realty company. I will buy multiple properties – hopefully some that are currently abanadoned. If I was to acquire abandoned properties, I will contribute positively with the community, and reducing the number of unsightly properties throughout the city. I would want the properties to be in safe neighborhoods, and close to the bus line. Since all of my tenants will likely be on Section-8, there is a chance that they don’t have a car. Without an automobile, having access to public transit will be essential. I will go into more detail on other pages, and other sites.
If you should have any questions, you would be able to [contact] me. I will be happy to reply to any questions, or constructive comments that you might have.