Look for an "exclusive buyer agent" in your area for real estate. http://www.naeba.org/
There are many good deals in residential and commercial properties (used for rental income and a store of value).
If you are interested in the southwest Florida area, check out http://truesarasota.com. Call and ask for Bill. Mention what you wrote above. He will take good care of you.
You may want to try one or two residential rental investments and see if you prefer residential or commercial. It really does depend on your strengths and having a trustworthy network of people (handymen, estimators, inspectors, plumbers, electricians, etc).
Rent out your commercial unit ASAP. Get some revenue, at least to offset the taxes. Collect first month's, last month's, and a security deposit equal to the month's rent for your commercial property.
When a commercial tenant breaks the lease, you may be responsible for removing any materials and heavy equipment the previous tenant has left. This takes time and money and you cannot rent the space again until it is taken care of.
You may want to reconsider a personal office and use a home office instead. There may be better tax benefits to that situation, while generating additional rental revenue for your newly vacant office. Build a new detached home-office/garage.
You also have enough money to buy enough solar panels to never have an electrical bill (provided your house is not too large). There are many tax incentives for this, too. Not paying for electricity seems like part of a good strategy to beat inflation. This may also work for your commercial properties.
There are many good deals in residential and commercial properties (used for rental income and a store of value).
If you are interested in the southwest Florida area, check out http://truesarasota.com. Call and ask for Bill. Mention what you wrote above. He will take good care of you.
You may want to try one or two residential rental investments and see if you prefer residential or commercial. It really does depend on your strengths and having a trustworthy network of people (handymen, estimators, inspectors, plumbers, electricians, etc).
Rent out your commercial unit ASAP. Get some revenue, at least to offset the taxes. Collect first month's, last month's, and a security deposit equal to the month's rent for your commercial property.
When a commercial tenant breaks the lease, you may be responsible for removing any materials and heavy equipment the previous tenant has left. This takes time and money and you cannot rent the space again until it is taken care of.
You may want to reconsider a personal office and use a home office instead. There may be better tax benefits to that situation, while generating additional rental revenue for your newly vacant office. Build a new detached home-office/garage.
You also have enough money to buy enough solar panels to never have an electrical bill (provided your house is not too large). There are many tax incentives for this, too. Not paying for electricity seems like part of a good strategy to beat inflation. This may also work for your commercial properties.
Congrats on your success.