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Updated about 10 years ago on . Most recent reply
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How To Alter My Current REI Plan
I'm self employed and need to plan for retirement. My original plan was to buy a couple properties that would be paid off in 25-30 years and be a source of income. To be honest, I'm not very interested in a lot of REI stuff like creative financing, OPM, flipping, or even investing out of my area.
I basically want to buy and hold properties in my area and have a management company take care of them.
Am I misinformed and this is a bad strategy?
After posting a question in another forum about potential property specs I was looking at I discovered that some of my original expectations were not realistic at all. Now I'm rethinking my whole strategy.
If I'm not that interested in the details of REI and just looking to invest/hold, am I better off just not even getting involved?