What is the best way to invest $1 million?
My dad had purchased commercial real estate (Outback Steakhouse, not the franchise but the building and land) for $1.2 million in cash.
The rent is $5,000 a month in cash and he can pocket the full 5k every month. They pay for all repairs, maintenance and etc.
Thats $60,000 return on a 1.2 million dollar investment and he can get his money back if he sells the property and there is very little risk involved.
The contract is that the lease will be up in 20 years and the rent increases like 1-2% per year..
Since you guys are experts here what do you think about this investment? Can he get a higher return elsewhere or is this good.