Help me spend $600,000. Looking to buy multiple units and I need a good strategy

[Travis Elliott]

Hi guys.

A little about myself. Some years back I sold a business. I got a lump sum of cash down and then I carried the contract for the remaining portion. More on that soon. 

I retired young and moved to Asia. I now have a beautiful wife and daughter here in Asia. Currently I have eleven rental properties. I am debt free so I figured that I would continue to live on the rentals and the loan payments. I bring in more than I spend each month so this woulnt be an issue.

The company that bought my business is now selling it. They will continue to pay me principal and interest for the next 50 months and then pay the remaining principal off at that time. Since the business is selling  we would collateralize the remaining loan with a commercial building that they own and have paid off. That would all work out fine but......I got that "real estate bug" again. 

The second option, the option that would help me to invest, is that they pay me everything that owe all at once. Currently that is 700,000. I consulted my cpa and he states that I will owe 100,000 in taxes leaving me with 600,000. This is the option that I will probably take.

So I would like to hear some investing suggestions..

We will probably move back to the states so I will need to buy a house for me and my family. I thought about putting 400,000 down on a 600,000 house. This would allow me to have smaller payments on my primary residence. I am looking at northern Idaho. Most of the houses are highly priced. I also want to be out in the country on some land so this increases home pries as well. With the remaining 200,00 I could use it to buy four houses in the three hundred price range. I may have to add some but it would be enough for down payment on the properties.

As far as what type of investing I want to do.... I would say Short term rentals (air bnb), Mid term rentals (renting to nurses), Fix and flip, mini storage, commercial buildings. I am open to other ideas as well.

Hopefully I explained my self well enough.

So any suggestions on the best way to invest the funds?

Any questions please ask..