Five year strategy...

[Julie Hill]

My goal is to own 40-50 properties (or doors) within 5 years. My overall "why" is so I can finally sell or dissolve my company and live off these rentals for passive income. The question now becomes... what strategy should I use to get there the fastest and safest? I am just starting out and trying to figure out my next move knowing it could make or break my plan. Knowing my timeline, do you think it's feasible (and wise) to start by going hard-core into wholesaling, then build up into fix & flips (for fast profit), and then rolling all of that income into buy and holds with the BRRRR method? Part 2 of this question... the forums and podcasts always talk about keeping your W4 job to show the banks income stability. I don't have that since I have owned and run my own company for 17 years. It was hard enough to get a loan for the home I just bought in Denver so I would love to hear from other self-employed people here about their experience in RE investing! If it matters, I travel most of the time for work but technically split my time between Orange County, CA and Denver. I'm interested in investing in Omaha but also looking into other areas as well. TIA!

[Bill S.]

@Julie Hill your goal is admirable but practically undoable (I am assuming you don't have the capital to out right purchase those properties). You mentioned wholesaling and then flipping and then buy and hold. It takes at least 2 years to get a wholesaling business up and running and then another 2 years to get the flipping business up and running which leaves you 1 year to close on 40-50 buy and holds. You have a better chance of winning the lottery and that is the truth.

Find someone who has gone down the path you want to go (sell your business and retire with real estate) and then emulate them. 

Take stock of your resources and see what you can leverage to move up the curve.