Starting at 40 years old, what end goal do i have?

[Scott Alvarez]

We are 40 years old. We purchased large multi family property with 3 rentals outbuildings with our own house.  We are looking to purchase more properties. I’m wondering what end goals do we have? Obviously we aren’t waiting on 30 years for full cash flow. 

[Steven De Lange]

Hi Scott,

Jumping into real estate with that multi-family property is a great start! Now, thinking about your next steps, you will need to figure out what's driving you. Is it the freedom that comes with income from properties, building a lasting legacy, or growing your wealth?

Consider how you want to expand. Quick and aggressive, or slow and steady? Are you into the hands-on management, or prefer to oversee from a distance?

Also, think about your exit plan. How and when might you want to step back or sell?

Aligning your actions with your core motivations is crucial. What's your vision for the future in your real estate journey?

Hope this helps!