Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 1 year ago on . Most recent reply

User Stats

1
Posts
1
Votes
Andrew Zhang
1
Votes |
1
Posts

Best strategy for high W2 income earner?

Andrew Zhang
Posted

Hi, first time posting here. A little story about me is, I am unmarried, and late 20s. I was fortunate to make about $750k this year and next year the expected salary is $900k. I have a 1.2M house with 25%-ish equity, and no other assets. My yearly spending rate is low like 30K ish, besides the mortgage. I like my W2 job but I don't see myself keeping this high salary forever, so I am thinking of ways to create income streams. I've been reading posts here and was looking at low priced markets for cash flows, but even if I buy 10 of these and paid fully, it's nowhere near the income I am making. I also thought about buying more pricy homes in California and bet on the appreciation - but this doesn't seem like the most efficient way to use my liquidity. Maybe I should go into multi-unit homes? but I absolutely have no idea how to get started on this. My ultimate goal is to make 30k/month income apart from W2, but without working hard like STR owners.

Long story short, if you were making a high 6-digits a year, what asset would you buy to create incomes? 

Loading replies...