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Updated almost 3 years ago, 01/12/2022
Looking for financial freedom!
Nice to meet everyone! I have spent the last 14 years in nursing and love what I do as a nurse practitioner. That being said, I realized that I will never have financial freedom with my current plan and have been looking at ways to break the cycle. At first I would like to simply supplement my income, but within the next 5 years, I would like to have entirely replaced that income with investments (multiplex, STR, ect). I did a cash-out refinance on my home that I bought back in 2014 that had a ton of equity, and now have a pretty good sum to start my path into real estate. I am working with an amazing realtor who is on board to help me on this adventure. I am leaning towards STR as the cash flow/ROI is quicker, and while a lot less passive than long-term rental, I feel this would help reach my goals quicker. I live in South Florida and would like to buy a property somewhere within the state. I have run into that dreaded "analysis paralysis" mode after looking at many properties and putting them through all the calculators. Any and all advice would be appreciated. Thank you!