Just cleared $300k selling my primary residence and will move back into a house we used as a rental. Looking for investment recommendations with the $300k. Should we buy a business like a bar in a college town, buy a multi family property? Or break up the principal and invest into a mix of bonds/stocks etc?

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Part of me wants to say the bar just to watch.

funnylikeuplifting

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Index funds. Set it and forget it.

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Ok bogle

I have a good number of family friends who own bars and restaurants. It's a career, not a side hustle, and it can be a tricky one at that with a lot of active management required

Especially imagine how hard a college bar would be - probably a ton of risk given much of your clientele will be underage and/or at a stage in life where they don't regulate drinking or make good decisions, margins will be low since college bars are cheap, and staff turnover is probably higher than most bars

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Correct not a side hustle. It’s a hustle hustle.

If you want passive income a family owned bar restaurant is not the way to go. Maybe look into a franchise? Or investing in someone else’s business as a silent partner?

What do you know about owning a bar? If nothing, stick to RE/equities

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Oh we are interested in passive/easy investments only. I’ve had a few rental properties over the years and those are very easy, but I don’t think now is the time to buy.

I assume there have to be other turn key type businesses with minimal time requirements.

None of this describes a bar

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We also have a solid mix of equities through our various retirement accounts ($450k) and contribute to the max.

F

1031 exchange

1. They already sold so it’s too late
2. Since it was primary, a large amount (forgot specifics) of gain is non taxable
3. Womp, hopefully you’re not a real estate attorney

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Think about your goals for the money. Do you need access to it? Is your retirement set? What kind of income are you looking to get from an investment? If you work with a financial planner I’d suggest talking to them regarding options. If you invest in stocks/bonds make sure you’re selecting tax-efficient investments since all div/interest/cap gains will be taxed in the year incurred.

Thanks 🐠 the general takeaway is not to buy a business since that’s not going to be passive income.

Easy answer, get the bar and hire Jon Taffer

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