What to do with extra rental properties? :)

Hi everyone,
I'm set to inherit three apartments soon, and I'm trying to figure out the smartest move to make with them.

- Rent them out and put that income into an index fund somewhere.

- Sell them all or trade them for different assets.

Or maybe something else entirely.

I don't know much about investing, and I'd say I'm pretty clueless when it comes to finance (for now), so I’d really appreciate any advice or suggestions you might have.

Thanks a lot.

renting.

Look, no single stock, no mutual fund, not even some locked-up savings account is gonna promise you returns that are both this steady and actually worth the effort.

The Jews have always put their money into gold and real estate—that tells you everything you need to know.🙂

Sell now while real estate is peaking, then pivot into index funds or stocks while they're bottoming out. 😉

If we look past current market fluctuations and stick to general principles, everything hinges on location and square footage. Two properties might have the same price tag, but their rental yields could be worlds apart.

The long-term rule of thumb? Real estate and rents usually track closely with inflation, whereas stock market returns tend to outpace that by at least double. If your annual rental income—after all expenses—clears more than 3-4% of the property's total value, it’s worth holding onto as a steady income stream.

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Since they aren't in a great location, I was thinking about selling them to pick up some properties in better spots. I could rent those out and then funnel the rental income into investment funds. Maybe during the first year, I’d just save up the cash to buy a plot of land or something.
I'm not entirely sold on the idea of liquidating everything just to dump all the money into investment funds at once. 🙂
It might make more sense to sell just one property and put that money into a fund instead—it feels like there's less risk that way.

Give me your best shot at valuing these places—give me a price based on how fast you could actually flip them for cash, say within a 40-day window—and tell me what kind of monthly rent we’re looking at.

Also, are you just looking for a quick payday, or are you playing the long game and hunting for something that generates steady cash flow for the rest of your life?

Honestly, it's pretty reckless of us to even give you any suggestions without knowing where you stand.

Everyone’s looking at about 650 square feet, and with prices in that neighborhood hovering around $1,800 per square foot, the math is pretty straightforward.
So, roughly 650 x $1,800 puts you at about $1.1 million.
There are three new units just like this one available.

My main goal is basically to build steady, long-term income. I’d probably take a chunk of that cash and reinvest it into real estate out in the Midwest or maybe some vacation spots along the coast.

Anyway, hopefully that gives you a clearer picture.