Selling a Business, What’s next?

[Kris Johnson]

Hello! My wife and I are planning to have our business sold in the next month or so. We have built this business up over that last 14 years. The proceeds from the sale are what we will use to begin our journey in real estate investing. What do you recommend we do in terms of learning the best way to allocate the funds for investing and in general learn what in the world we are doing and what we should do first. We are in Colorado Springs, CO. Leaning towards small multi family. 

[Grace Wang]

@Kris Johnson hey Kris, congrats! How i would start in your position is continuing educating yourself on what types of rental strategies resonate with you. Have you read some of the book published through biggerpockets? Thats a great place to start. Diving into their podcasts is also going to help you.

Just take it step by step. As you consume all the information through books, forums, podcasts, etc, start figuring out how hands-on you’d like to be, and the type of returns you want to see. Then, look for a few markets where your goals are achievable. Your question is a bit broad, but i think this could be a good way to start narrowing down a best real estate strategy for your situation