[TheAviator]

There are a lot of smart guys on this forum and I wanted to get your opinions. I have just come into some major amount of cash $500K and more actually and wanted your advice on my plan. Right now the vast majority of it is in stocks and that's what the current value is. Stocks right now are pretty high, especially this one company that about 80% of it is in.

I have gotten some advice from my friend who is a very rich real estate guy and attorney who I've chatted with quite a bit.

I was originally going to cash it in and invest it in an apartment complex or duplexes for renting out. However, that has changed, my real estate friend and after my own independent research I do concur with his opinion, that I should invest it in a mini-storage unit facility.

The numbers are as follows. Right now the stock is not generating any significant income. Doing a mini storage unit facility (the size I'm thinking) would produce over $10,000 a month in income once the units are 90% rented out.

I would pay cash for the property so there would be no bank note. So hence, it would just be a matter of waiting on the property to start generating income. I've researched the facilities around here and all are almost full and there are several good areas that don't have any, or any in the immediate vicinity, so on paper it looks like a good idea.

I just want some advice on what you would do, do you think its a good idea? I've crunched the numbers on comparison of this with say condos or small apartments, and you get way more bang for your buck with mini storage units as far as a lot less investment, a lot MORE rental income potential.

For example say for the same $400K I could do a small apartment complex that would produce maybe at most $5K to $6 K a month in income. Spending less money on mini storage I'm looking at $10 K a month and more in income, so the numbers are appealing.

Spending this kind of money on something like this is nerve racking, but I think this makes more sense than just letting it sit, and degenerate in value once the stock will no doubt tank, then come back up again along with the market. Its invested very soundly in stock, and the main company is a major fortune 500 company so the value will never go to low, but right now its at an almost record high. Just nervous about doing something like this with a past loved ones money I've inherited, thanks in advance.