The $1.25 Million question - Seriously blessed but scarred

[Juan Salazar]

Ok. I would say a little planning and LOTS of luck allowed me to invest in Austin between 2006 and 2011. I am in the process of selling my 1 remaining lots and 1 SFR and will net a little over $1.25M in cash. I feel very blessed, but now scared as to what should I do next with that equity.

I've invested previously (cash purchases - about $500K) into 2 STR in the College Station, Texas area (Close to the University), and been happy with the performance - Net Cash Flow of about $15K annually per each, and was thinking of doing some more of these, but the cities are starting to come up with crazy ordinances on STR.

So, what would you do seriously if you've or are in a better position that I am. I was told to look at commercial, but I have never done it....

Most people (not REI) go the easy route and say "buy stocks, hold for dividends", but as we know, those do not appreciate or depreslciate 😉.

Thank you in advance for your help...