New Investor with capital

[Ryan Cauzza]

My family has owed a modest size cattle ranch for close to 100 years in the mountains above San Diego.  We are selling a piece of it but because of the capital gains tax we would be subjected to we want to do a 1031 and buy investment property.

Having said that my brother and I own the land and are both young and just starting families.  This is a huge decision for our family in regards to what to buy with this money.  The dollar amour is north of 1 million dollars.  

We would like to secure as much cash flow as possible but be safe about it as well.

Any suggestions on generating safe cash flow in Southern California or even out of state with a million to use?

We have considered buying SFH in the Temecula area of riverside county or close by to diversify and spread out the risk since we are new to investing but we are not sure.

Any suggestions appreciated thanks.

[Aaron Norris]

Hi @Ryan Cauzza I guess my biggest concern for you would be jumping all in right away with $1 million in rentals if you haven't had experience handing that many. Plan on using a property management company?  

There are a few areas that will cash flow including some areas around Temecula like San Jacinto and Murrieta. They have some great newer inventory. I have my favorite rental there. There's always the High Dessert, Inland Empire and Palm Dale/Lancaster. Again, just concerned with the stress of putting it all to work so quickly if you haven't decided where you're going and the team you're putting together. I work full time and find more than 2 houses going at the same time a little difficult to manage. That's just me.