Money To Burn
Let me propose this question: If I have or was given a large sum of money, what would be the best way to invest in terms of REI? Would it be in duplex's, triplex's, rehabs, commercial or something else? Give me some opinions and advice? I appreciate all who answer here!! 
If it were ME and I had a large amount of money to invest, I would want safe, foolproof investments that I didnt have to work at, or that didnt rely on what my friends did, or didnt do for me. I would want to have my time free to do whatever I wanted that day. While my money continued to bring in more money for me. This is why most people with real wealth buy and invest in mortgages and notes. Mortgages and notes on income producing properties are great investments that keep paying you good returns year after year. SFR notes in good areas can be lucrative also. If you really want to make your money work harder than YOU do, then invest in notes and mortgages. You are protected in many ways. Hope this helps.
Buy distressed real estate at the bottom of a down cycle. I buy low income areas where the cash flow is better but more headaches. Making money is the name of the game and not hanging pictures of pretty buildings on the wall. Austin is a great place to buy again as the market is really soft and there are a lot of foreclosures and low priced property for sale. You may be in a good area too If not get some money in Austin Real Eatate ASAP
Hope this helps some
Ted Jr
i'm hoping to someday have about $600K saved up.(yes i can dream) i'll use that as my 20% down on a $3million apt complex in the midwest, managed by a www.prop.mgmt company and i'll just sit pretty and collect my rent checks. should be enough to quit my day job.
Speaking from experience...
I started with a couple of quads and financed them 80/20, which produced some cash flow and was for long term. I then took the majority of my cash and started buying distressed properties, which I then rehabbed and either turned into rentals or resold. In the first 5 months I grossed over 200k profit, and still have the majority of my cash to move forward with.
The smart money goes with the rehabs and flips, just get some good contractors. It took me a few months but I now have three contractors working on three different properties at the same time. Now my job is to find properties to put in the pipline, oversee the rehabs and find buyers, gotta say, I'm loving it.
I loved holding first mortgages for other investors, if I did a small bit of home work the worst thing that would happen would be owning the collateral. And I often made as much in interest as the guys doing purchase, fix, retail.