Rick AlbertPoster
#2 House Hacking Contributor
#2 House Hacking Contributor
- Real Estate Agent
- Los Angeles, CA
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Inheriting $400K, what would you do?
Rick AlbertPoster#2 House Hacking Contributor
#2 House Hacking Contributor
- Real Estate Agent
- Los Angeles, CA
Hello All!
I have a client and friend who invests generally out of state. She is going to be inheriting around $400K and asked me what I would do. She wants to go with MFU and doesn't have a ton of time to be hands on (so no STR). I gave her a few ideas but thought I would throw it out there to get other's opinion. She wants tangible assets (so no DST or REITs).
Most Popular Reply
Hi Rick,
MFU are no more passive than owning multiple single family homes when utilizing a good property manager. SFHs however provide more diversification and provide better exit strategy options with the ability to sell to owner occupying buyers or investors. I would recommend researching experienced TK providers that provide customer service focused property management.