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Updated about 8 years ago on . Most recent reply

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2
Posts
1
Votes
Chris Pace
  • Las Vegas, NV
1
Votes |
2
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Jumping in with both feet

Chris Pace
  • Las Vegas, NV
Posted

Hello 

I'm new here and wanted to introduce myself. I'm 46 yom married with two kids. I live in Las Vegas and work for the city. I am working on my retirement plan which I would like to put into motion in 6 years. My goal is to have a passive income of $4k by Jan. 2023 I have available to me $150k in equity in my home to use, plus $50k in my 457 I can access.

I'm leaning toward buying SFR and small multi-family ( 4-plex up to 20 unit) to be able to accomplish my goal. I'm looking for some advise on how much I need to buy in the next 6 years to make this plan work, or should I be looking at other avenues? Thanks for any advice and your time for ready my post.

Most Popular Reply

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2,113
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908
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Shawn Mcenteer
  • Realtor
  • Boonton Township, NJ
908
Votes |
2,113
Posts
Shawn Mcenteer
  • Realtor
  • Boonton Township, NJ
Replied

Chris Pace I would suggest you attend a local real estate investors meeting. Talk to others in your area to find out what is working for them. Where I live single family rentals are tough to make money on but Multis work well. It may be the opposite in Vegas. Network.

  • Shawn Mcenteer
  • 9739753895
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