Investment Ideas with $550,000 Cash in Hand

[Sasang Doc]

Hello fellow BPers,

What would you do if after selling your primary residence, there's $550,000 cash left over to invest in real estate? Suppose you'd like to squeeze as much cash flow out of the investment as possible and wouldn't mind venturing out of state. Where and what type of real estate (SFR, MFR, Apartment building, etc.) would you go for?

FYI: I've been MFR investing in the Newburgh Heights, Cleveland Heights, Garfield Heights area of Cleveland but currently reside in the Portland Oregon area.

Would appreciate any ideas/suggestions!

[Michael Swan]

Hi @Sasang Doc

This is Swanny.  I have quite a few apartment complexes in Lake County, Ohio.  In Painesville I have a 24 unit, 21 unit, 20 unit, 15 unit, 12 unit, 8 unit, and a 6 unit.  In Mentor, I own a 57 unit and in Akron a 24 unit.  Feel free to message me to discuss why I have moved to all Multifamily!!

You may want to listen or watch Podcast 238, where I was a guest.  That goes for anyone else on BP that wants to pick my brain!! I just retired from my teaching job this past June.  

If you change the way you look at things, the things you look at, change right before your eyes!!!  It did for me!!!!

Swanny