Passive Income Journey Starts Today!

[Teddy T.]

Hi Everybody,

Nice to meet all of you in advance. I'm a business owner\entrepreneur working in the advertising technology industry. We’ve been in business for ~4.5 years. I've accumulated some capital and want to start my investment journey in real estate. I just moved from SoCal to Las Vegas (homeowner in Summerlin) with the thought of finding some good deals out here. While that is probably the case if I network locally and do some digging, I just can't help thinking about starting my journey with cash flowing opportunities in the heartland\mid-west. I’m also interested in multi-family\commercial real estate. To help with context, my business comes first, real estate second, so I prefer my approach to be a little more hands-off.

I'd like to hear your thoughts on turn key properties in Indianapolis and Kansas City. My ultimate goal is $40-50k/month in net passive income and I prefer to get there efficiently, i.e., staying away from C-\D class properties that may likely cause headaches. Would be grateful for experienced members to share their ideas and how they think they would be able to approach this journey. For instance, would they suggest focusing on scalable multi-family right away instead? Working with other investors\syndications? Working primarily as an investor and a private equity real estate firm? I understand it will take a diverse portfolio to get me to this goal, and that this journey will not be easy at all.

For now... I'm thinking I can start with the turnkey investment in the heartland (I understand I may lose out on some ROI here), to get my feet wet, and go through the whole process of lending, purchasing, and just seeing how things play out.

I am open ears. I have just been trying to devour as much information as I can on BP but I know I needed to take action, so my first step is a simple post here.

Thanks so much for your time!