Real Estate Investing Reset Button Has Been Pushed

[Arron Paulino]

I decided to make a post here to essentially reset. I was a newbie who started investing in real estate during the pandemic so I've been at it for a few years now. I am planning on liquidating a couple of my properties to "start over" and see how I can better achieve my personal goal of attaining $5,000/month in positive cash flow and keep some money in the bank to be liquid. I now have an LLC with a business checking account and credit card that I just established to separate my business transactions and personal. I have been in the ringer through real estate investing (negative cash flow, scammers, bad contractor, obtaining more than ARV, getting less than ARV, plumbing issues, positive cash flow) learning head-first the whole way. I know the obvious answer is to keep educating, but I knew I learned best diving right in and so I really experienced the good and bad of real estate investing firsthand.

With this said, any advice on how to proceed with decent liquidity? I've grown to learn what to do, how to do it properly, and continually educate myself to do better on the next deal. I read somewhere that it may be a good idea to buy large multifamily in a decent area (just don't really know what market is decent for this) or buy turnkey properties (I know of a couple reputable sellers that I can invest with). I have been doing the BRRRR as my exit strategy to obtain properties in my rental portfolio. Looking to hear from everyone and specifically from those that have obtained their financial freedom goal within a span of a few years.