Hola- I 34 married with young kids. My wife and i are currently building a new custom home. I'm paying for the entire house out of pocket, not financing anything. The estimated cost of the new custom home is about 2mm. the value of my current house is 2mm. So, once i sell my current house, i'm going to have 2mm free cash to do whatever i want with.
My question for you smart investors is what to do with that 2mm. I would love to buy real estate but i dont think thats wise right now. I already have three paid off real estate properties that generate me about 15k per month. So what should i do with the 2mm that i'll get later this year?
Keep in mind i'm already fully funded in roths and company matches. But i could use a little extra cash each month when i start doing my house landscaping and pool.
My thought was to invest with my broker into stocks. I've never owned stocks outside of my 401k accounts. So, what does that look like if i invest into stocks? Do i get monthly dividends? can someone break down what that process looks like for me? And, any other tips, advice would be great and welcome.