Per the experts, yes it is possible to kick the tail out in an M550i but xDrive will reign it back in so it's nearly impossible to maintain.
By expert, I mean the guys that drifted an M5 for 8 hours.
https://www.youtube.com/watch?v=obkLDeO58Wo
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2020 X3M non-comp, Alpine White over black : Exec Pkg, ventilated M Sport seats, 20"s
2020 M2 Comp, Sunset Orange/Blk: Orange stitching, DCT, exec pkg, bicolor rims
Gone '18 M550i, '16 X4 M40i, '15 M5, '13 X3 35i, '12 335is, '11 X5 50i, '09 Z4 35i, '08 550i, 06 X3, 06 650i, '02 M5, '99 540i