Originally Posted by mineistaken

major renovation for half a building cost after 2-3 years? Is that 1 in 100000 thing or US thing?
I work/deal in real estate development, mostly commercial and if you develop a building you enjoy steady 8-10%( on average) income from renting space.
meaning if you invest 10 mil you get 1 mill each year. Without needing any major renovations for the first 10-15 years.
This is 99.9% safe investment.
So lets say I am an athlete and I get 20 mil. I invest only 10% of that into a development and I enjoy 200K every year. After small renovations and taxes I still have 100K to live like a king.