Inheriting $400K, what would you do?

[Rick Albert]

Hello All!

I have a client and friend who invests generally out of state. She is going to be inheriting around $400K and asked me what I would do. She wants to go with MFU and doesn't have a ton of time to be hands on (so no STR). I gave her a few ideas but thought I would throw it out there to get other's opinion. She wants tangible assets (so no DST or REITs).

[Rick Luebbert]

Hi Rick, 

MFU are no more passive than owning multiple single family homes when utilizing a good property manager. SFHs however provide more diversification and provide better exit strategy options with the ability to sell to owner occupying buyers or investors. I would recommend researching experienced TK providers that provide customer service focused property management.