1 million dollars but no income

[Scottie Mateo]

First i want to start off with...this isn’t a random post for no meaning to see what people say. This is an actual situation for someone close to me

They currently have about 1 millions dollars that was passed down by a deceased relative and want to know how they can invest it in real estate in MA

He is interested in sfh but doesnt know if thats the best idea. He believes smf homes would be best for him to start out on. He wants to know if financing would be possible and how much should be set for reserve funds and generally if a property management firm is the right idea. He really just wants the money to grow.

Even thought about house flipping to increase the 1 million a little to get some more properties but looking for more insight

[Scottie Mateo]

@Corby Goade alright thank you and yea im sorry if i am missing valuable information i am also new to this. Watch the videos on youtube and was looking for more info to help us out in this specific situation