Mini Retirement

[Matt Laird]

My family & I are in the planning stages for a mini retirement. We would like to leave in June of 2018 and be gone for 14 months, live in 3 different country's for 4-5 months per. With 4 years of preparation I intend to have a team together to manage my rentals while we are away, when we return I plan to go full time in real estate, my current Business will be sold or closed prior to leaving. Our primary residence will be rented out furnished, I will sale my work vehicle and store her SUV. 

I'm asking the professionals in each field for advice on what would be a higher yield passive investment I can start focusing on to enable us to enjoy a year+ abroad. Would you recommend; triple net rentals, Note investing, more rentals, car washes, mini storage, etc.? I currently specialize in Oil & Gas and Fix & hold SFH & 2-10 multi fam.

FYI, My wife and I plan on getting part time jobs & sending our children to local schools to be totally immersed in the culture.

[J. Martin]

@Matt Laird ,

If you're preference is for the most passive/easiest route w/ higher yields you can try prosper.com or lendingclub.com (peer to peer lending sites.)

They are unsecured "consumer" loans yielding about 6-12 or 15%, depending on credit quality, for 3-5yr options I believe.. You can invest as little as $50 in each note to diversify, the interest is deposits into your checking account monthly, and they chase down and file collections to try to recover on any deadbeats if/when they occur. Not RE secured, and maybe not as good risk-adjusted yields as D/T investing, but much easier and passive to get started on today, IMHO, if you're too busy with your business.

If you have enough time and want to do the research, and maybe a little more time and effort during the process, go research and buy individual notes..