what to do with 200K

[Henry Liu]

I am about to sell my bar property and will net 200K after smoke clears. What is the wisest thing to do with it? I want to invest in another property but can't decide on what. I have done flips and am 2W-2L(broke even) on making money on them. I have two SFR that are rented out but not cashflowing much. I have two commercial properties but the building type is a bar and they are a sunset business now in oregon. I was thinking of multi family but not sure. all comments appreciated!!

[Brandon Hood]

Hey Henry! I would recommend narrowing your focus based on a couple of things.  First, I would look inward and see what your goals really are; do you want to generate a working income in a flip business? Do you want to zero in on producing passive income as a landlord and ramp up what you already have? Is commercial a lucrative and fulfilling option for you?  Its seems like you have dabbled in quite a bit, so really tapping into what you are passionate about will probably provide insight for yourself to find what options are available moving forward.

Second, and complimentary to this, check out what your local market is doing (if that is the area you want to work in).  You alluded to a sunset market on the bar business, so knowing that, where can you get your money to work for you? Is it in line with that passion you found in reflecting your goals?  If you can't find it in your city, is what you want to do available in your state? If not, where at? 

The decision is ultimately up to you, and I won't pretend to know Oregon's market and tell you specifically where to put your money (maybe someone who knows that marketplace can jump in and help with that!).  What I can tell you and do know is that people who do what they are passionate about and then take that and go on to educate and act on it are the most successful kinds of people, so I hope in that way I was helpful!