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Updated about 7 years ago on . Most recent reply
$700k to Invest: Need Advice
I might be selling a website and will have around $700k to invest. I'm not an active real estate investor but I've been learning about it over the past few years.
If I sell this website I will be getting a lump sum and no longer receiving monthly passive income. If you had $700k to invest in rental properties and your goal was to generate passive income while building wealth how would you go about it?
I'm thinking my best bet is to leverage financing for many rental properties but it will most likely take me years to find enough properties and that's fine. I just would like to hear some advice from people in the game for a while and what they would do know if they were in my position. Thanks in advance.
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I would be careful advertising how much cash you have to invest on a public forum.
There's lots of great posts and resources here regarding your question though.