$850,000 tomorrow?
The goal would be to provide monthly income while preserving the investment in it's entirety.
I know, boring.
With $850k you can buy 3 or 4 mountains in West Virginia... half a county maybe... if you look hard enough.
You like banjo music?
For the people suggesting income property, how active are you in managing it yourselves, or do you hire a property management company for hands off?
For a guy with $850k... you ask some really stupid questions.
Land has multiple uses... renewable timber, stone (if a marketable product), B&B cabins, grazing potential, hunting leases... even Federal programs (Native Trout stream restoration, Wildlife restoration, reforestation $$$).
The B&B next to me is $160 a night (IIRC) and pretty much stays full in season... the owner lady does her own house keeping. She wants to buy some more land from me for more cabins... I reckon if she puts up 4 or 5 she might hire out a maid.
None of it rocket science...
HARD COMMODITIES... PHYSICALLY HELD...
In short, buy stuff that you know and make money with it... College rentals, build trailers as a fabricator... turn seed corn into corn... slop hogs... sell hogs.
