Best way to invest several million+?

[Uzi Pablo]

Hello, I'm very new to Bigger Pockets, but I've had this forum bookmarked forever until I really needed it.

I sold one of my companies some time ago and now have a regular stream of ~1 million per month to invest. So far I'm a very aggressive entrepreneur, but I don't know the first thing about real estate, and that's where I want to divert a lot of my income to supplement my standard investment strategy of stocks, bonds, other companies, etc. I'm thinking maybe 10-30% of that into real estate to start.

To be honest, I know absolutely nothing about real estate. So I have started in the Education section in the beginners guide. I was also considering buying the Bigger Pockets book on real estate investing.

There's so many areas of interest though, that I'm wondering which area(s) one might suggest I focus on first, just so I'm on the right track from the beginning. From there I can study all day long until it starts to click.

My ultimate goal is (fairly) hands off income @ ideally around 10% return. More would be incredible. I'm not sure if that's possible while using a management company to manage properties, so if that's not reasonable I'd love to know what is. I have no problem hustling and doing work, but I'm really trying to find something that doesn't require an immense amount of time per day/week. If that also isn't possible I'd love to know what is a more reasonable goal. In the back of my mind I think "what if I had 10 or 20 properties being managed by a company and I just collect income from them" type of deal. Obviously there's a lot more to it, but that's sort of the direction I was thinking.

I don't know if wholesaling or flipping is a good strategy for me either (still reading about that, haven't gotten there yet). Any insight would be appreciated where to start.

Thanks to you all.

- U

[Brian Garrett]

Be prepared to get a lot of colleague requests and messages now that you announced you have $1M per month income and know nothing about real estate but want to invest. In the future you should never disclose on a public forum how much cash you have available. You will attract more of the wrong people than the right ones. Be very cautious of those who message you offering their services. With all that being said I’d suggest you keep your money safe and sound in a high yield savings account or something alike while you study various investment strategies and learn which is the one you want to pursue. As you gain more knowledge you’ll start to figure out exactly what direction to go. Welcome to BP and best of luck!