How to invest 500k ? Real estate multi family or other

[Mike Bianchi]

Hey Everyone ! Just want others opinion on this

If you have 500k , what would you invest in to generate good cash flow ? Stocks , multi family , other creative investments ? Preferably 10-20% return

A quick summary of me , self employed with stable income , I have 35 units already of multi family that generate decent cash flow but can’t seem to find any new decent deals in this market for 2021 . Currently owe roughly 2.5 mill on mortgages and primary home , if paid off , that can add another 22k in cash flow if all mortgages paid off . What would you do ? I’m Fairly young as well . I have no stocks or 401k or retirement savings .

[Rob Massopust]

I do furnished rentals and get a great mix of short term tenants. Corporate that pays less than a full airbnb but they are there from 30-180 days.

Focus on your area - Hospitals, univerisity, near downtown centers, vacation etc

Fix up really nice - not cheap lizard brain landlord and pinches on crappy quality. But higher end nice looking. With furnished rentals you are not in the landlord business you are in the hospitality biz.

I did regular rentals for a long time and its draining suck of time and energy. Furnished rentals are fun and of course better returns. Its not for everyone though you want to have to be involved and have frequent turnover and be fastidious with the details.

Just my 2 c