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Updated about 1 year ago on . Most recent reply

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Kris Bano
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I Need Some Advice / Thoughts

Kris Bano
Posted

My long term plans are to eventually create a solid real estate portfolio (why else am I on here?), and not just a few homes. Maybe throwing this out there will help with some replies. 

Info: I currently work as a medical professional full time, and in the process of launching a business. In the next 1-1.5 years I'm also planning on opening my own medical practice. This will be in another state. I currently have about 150-200k in cash / money market funds saved. 

My issue is, between my full time job, and starting a business (+ thinking about opening a practice), I barely have enough time or mental capacity to currently think about investing in RE. I'm always analyzing which I have time for, but haven't made a move. 

What would you do in my position, or any recommendations? Given my background, situation, and current cash saved (which will hopefully increase by another 150k-180k this year). 


Thank you.

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Chris Seveney
  • Investor
  • Virginia
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

@Kris Bano

I would invest passively. Spread that money out through several passive investment opportunities (do not put it all with one person) and let them do the work. You will lose out on a few percentage points on returns for having someone else do it but it saves you time and also your money working for you vs just having it sit idle

  • Chris Seveney
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