Wwyd - solo entrepreneur

[Jenelll Thompson]

I am SO excited to be in this community... I need advice: 

Single no kids. 40 YO. 

Own STR management company I started in 2013.

Own triplex operates as STR > Gross $4k/month ($450 in equity)

Own/owner occupy another triplex > Essentially covers my living cost. (Not much equity to mention)

No other debt. 

((This is the highly proud yet embarrassing part I need help with....)) > accumulated $800k cash I need to invest and feel almost paralyzed in the state of economy since covid... What would you smart & savvy investors do?! Goal of cash flow (prefer passive at this point but SO OPEN TO IDEAS as I am still very much willing to put in work).

Thank you in advance, feeling so isolated working solo all these years so network has dwindled and have put myself ahead of my peers so they lean on me for ideas.

[Jenelll Thompson]

Quote from @Sean Smith:

@Jenelll Thompson can I just say wow! You've accomplished quite a lot and now have the luxury of optionality. So much you can do. 

Your situation brings up a conversation I have with so many people. People are always looking for ways to generate passive income, but it's often coming from those just starting out, with no experience, and with limited capital. Early on I believe you need to be grinding, learning, and getting your hands deep in the operations of investment real estate before getting to "mailbox money".

Now, for you --- you've done all that and have $800k + equity to show for it!

So if your goal truly is passive income, you have a handful of options.

1. You can invest in syndications passively (happy to connect you with some colleagues of mine doing this)

2. You can be a private money lender with the capital 

3. You can play the stock market, mutual funds, etc.

Or you can keep doing what you're doing buying quality assets and manage them effectively.

You won't have a clear idea of what to do until you establish your why. I'd challenge you to think about your ideal life compared to where you are now. 

Are you trying to buy more of your time back? Are your trying to increase your income? Are you wanting to limit your exposure to risk? 

The answers to these questions can help you put that capital to best use.

 Thank you Sean - I appreciate the challenge and will continue to refine this answer of WHY. Great insight!!

1. I would love some connections to syndications and will look into this avenue meanwhile. 

2. I have definitely thought on this but concerned about my ability to collect if they default... 

3. Doing this on a buy/hold basis, same with Crypto... 

Truly appreciate your connection/feedback!!