I have 1,000,000 and want to have a stable income each month. Where should I invest this money?

Good question!

You should consider investing in multifamily units with more than 100 units. The hidden jewel or diamond investment opportunity that many investors miss is being a limited partner in a large (more than 100 unit) apartment complex community.

For example, you find an experienced apartment complex / community investor that is buying a 30 million apartment complex and has a contract to purchase already signed.

This investor already has been to the bank and obtained a 20 million loan but he still needs the down payment money and capex money. You simply invest with his group as a limited partner. You would invest 100,000 minimum (typically) to as much as 1,000,000+ It would be a good idea to invest in more than one apartment community where you might place 250,000 into 4 different apartment communities with different general partners to provide some diversification.

The beauty of this is once you invest you don’t have to do anything and typically in 3 to 7 years you get your money doubled. During the holding period you also typically get distributions depending on how the deal is structured.

It is much easier than getting on the front line with tenants and toilets or trying to have a property manager interface with you and the tenants. Most people are not aware this option exists.

You do have to know an apartment complex investor that is buying a large multifamily. These sorts of investors already have a base of investors they work with so you want to find them and approach them in the right way.

You just let them know you like what they are doing with investing in these other apartment complexes and you hope on their next deal they will let you invest.

I hope that helps and good luck with your investing!

Benjamin Z Miller
www.benjaminzmiller.com