Large influx of money, no idea where to start. Need help!

[Jacob Setzer]

Hey BP community, I've gotten extremely lucky over the past year or two in the crypto space and am looking to diversify my portfolio into more "real" assets. Purchasing real estate (likely for rentals) is the market that I've been leaning towards getting into the most. But besides somewhat blindly purchasing my first house I'm pretty much clueless here :)

I'm looking for any tips, tricks, advice, incredible threads in the forum that I can use to further research the space. My primary goal is to build up a stable of rental properties, and continue to grow those properties with either the equity gained after sale or cash that comes from them. I also am currently in AZ, with my eyes on CO, but wouldn't necessarily be averse to purchasing in other locations.

My current financial situation:
- Income is up and down as I quit my full time job to become essentially a crypto day trader late last year. I'm conservatively planning for my income to be around 90-100k annually going forward.

- Assets are:

   - 750k-1 million that I plan to use to invest in real estate with

   - Current house where I have around 125k-150k in equity

    - 60ish k in 401k

    - no major debt besides the house

Any help would be greatly appreciated!!

- Jacob

[Jim Pfeifer]

Have you thought about passively investing in real estate syndications?  In my experience, it is difficult to passively invest in active real estate - i.e. owning the properties fully yourself and hiring a property manager.  The first step might be to decide how active you want to be and then decide what type of investments from there.  Do you want to spend all of your time managing assets and properties? If yes, invest actively.  If you want to hire an asset manager to handle the PM and the day to day property needs, then think about passive syndications!