Thinking about NNN investment with 1,5 million on cash
Hello everyone, first time posting here. I will liquify some real estate investments i have abroad and i am expecting around 1,5 million dollars to be on my hands. I want to make an investment that is as safe as possible and give me a decent cashflow. I was thinking about purchasing a couple of apartments/single family homes in the area of Chicago but the idea of being a landlord again is not very appealing. My other plan was to purchase an absolute NNN deal of 15+ years remaining of contract (probably out of state) and pray for the best. Even though i was born in the US, i have been living my whole life abroad so I do not have a really good idea of the market, besides all that i have been studying lately. I would like to hear your advices, stories and what kind of due dilligence you people do before buying NNN investments. Also pros and cons would be highly appreciated.
I will be moving to Indiana, if that matters, and most of the deals i find on Crexi are out of state.
Thanks in advance,
Kostas
Most Popular Reply
I have a coworking/ event space in Indianapolis that I’m looking for a passive investor. Cash flow is excellent but I need to payoff some investors. Great building. I’m a very seasoned investor in Indianapolis and very interested in creating a win/win opportunity. Dave Short