Best Cash Flow

[Account Closed]

Hello BP!    I have a client that owns a rental home here in San Diego since the 70's she is ready to do a 1031 exchange and will have 400k after sell.  She is retirement age and doesn't want to deal with property managing herself any more.  She will need them managed.  My question to the community is what would you do if this was you and you had 400k to exchange into more cash flowing property or properties.  Should she jump into apartments at her age?  Should she buy cash? Use leverage? buy single family or mulit family?  What area should she buy? Thanks for the input.

[Justin R.]

@Account Closed named several), the day-to-day reality is that this investment is known, simple, predictable, and low-risk for her.  You could do a lot worse than just showing her this calculation and advising her to stay the course.  Risk-adjusted returns matter a lot more than absolute returns.

I'll stop there to see if you're in agreement with those numbers.  If Grandma really just wants more monthly free cash flow, there's plenty of different directions to go.