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Updated almost 2 years ago,
Too many options! Where do I start?
My position can't be unique... I have a 6-figure W2 income but really will never be able to retire on it. As a single mom, I made every financial choice based on my kids needs at the time. We have a great life and I raised fantastic humans, but I never planned for my own future. So, here I am at 50 years old with adult kids and no retirement. I would LOVE to be able to leave my 9-to-5 in the next three to five years. My dream is to have STRs for cash flow to support myself and for personal use, but I don't know if I should start with that or maybe BRRRR a house or two (or more if I love it) to generate funds to get into the STR game. There are so many different ways to get started in RE investing and I don't have time to make the wrong decision out of the gate. I'm hoping someone on this forum will be able to help me narrow it down. Here's the down and dirty of my current situation:
$100k+ annual W-2 income, but a maximum of $750/month available to invest
$30,000 in the bank
$140,000 equity in primary home (selling my house is not a step I am willing to take)
Below average, but not horrible credit score (my son wants to do this with me and he has a good credit score, but not much in savings)
BRING ON THE ADVICE! Thanks!