First time poster, long time listener looking for a gut check on my strategy. My goals with real estate are to 1) make my money work harder than it would for me than if it were invested in the market, and to 2) diversify across multiple properties rather than saddling myself with a very large mortgage. I like my 9-5 and have a good income, I'm a strong saver with minimal overhead and I'm a hard worker and have time and capacity to learn. In 5 years I'd love to have a portfolio of real estate that's flowing enough cash that I could work part time or choose my consulting work. I'm open to taking risks but I'm more comfortable playing the long game and I'm experienced at working in systems and managing teams.

Goal: Build cashflow (& equity)

Strategy: Long term multi-family rentals in emerging markets),
Budget: For my first property I'd like to stay under $150K

Markets: I'm looking into Philly, PA Cleveland, OH, Ft Wayne, IN
Plan: I'm reading multi-family millions, joined my real estate investor group, and planning on taking the BP multi-family bootcamp. I think my next steps are to

My questions:

1) How would you choose markets? I think out of state will be more affordable (I'm based in Seattle).
2) Does my strategy match my goals? Are there other strategies I should consider?
3) How do you know when you're ready? I've been considering doing this for years and can see myself getting caught in analysis paralysis. Would love advice on how to know when to make a move / get over first buyer jitters.
4) What am I not thinking about that I should?

Thank you so much in advance 🙂

Amanda

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First time poster looking for a gut check on strategy

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