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Updated almost 6 years ago,
Fastest Least Aggressive Way to Financial Freedom
This might sound a little crazy, but I've found so much value in these forums that I am going to ask anyway.
My husband and I are using the HELOC method for our first property. We would like to grow the business with active (flips) and passive (rental) properties, but we are a little apprehensive to start.
We have established our contractor, agent, and my husbands knows a lot of clients who flip, do commerical, run property management companies and whatnot.
I would love to utilize the BRRRR strategy, but with rising interest rates, it's makes me nervous.
Our goal? For my husband to be able to quit his job (as a bank manager) to start this venture towards leaving a financial legacy for our two sons.
If it matters, we are in our mid 30s and our kids are 14 and 6.
So, for those who are our thought leaders in this profession, what's the best plan to achieve our goal?
Janine