This post is one in a series of posts featuring my wife, The Mrs. I asked her to pretend that she was a wealthy woman with $2,000,000 (million) to invest. This money was needed to provide her for the rest of her life. She is to ask questions that might come up in the course of investigating a new investment advisor. Please check back for more questions.
Question: How much do I have to invest with Maclennan Investment Group?
You can invest as little or as much as you want with Maclennan Investment Group. However, you will probably need at least $50,000 to invest in a single property.
We offer investment solutions tailored to the individual needs of each investor. We can provide solutions for people with $50,000 to over $10,000,000 to invest.
Why a $50,000 minimum?
Our investments are not like stocks where you can buy a few shares for $100.
With Maclennan Investment Group you will be investing in the ownership of real estate. You will be buying a house, a duplex, a triplex, or an apartment house with your money. These investments require more capital to begin.
In most regions the average minimum cost of investment quality real estate is around $200,000. A twenty percent (20%) down payment is equal to $40,000, leaving about $10,000 for closing costs. An investor would need $50,000 to invest in this type of real estate.
Are there exceptions to the minimum?
Yes. It is possible to invest in real estate with less than $50,000. However, this solution often requires that you have a partner or partners to make up the difference. Having a partner is not something that everyone is comfortable with.
If you have $50,000 to invest, we can start you on a Course to Retirement Freedom.