50k a month by 50, possible?

[Joshua Gutierrez]

Hello BP,

I feel like I am in an outstanding position to make my money work through real estate investing and at the same time feel so stuck deciding on which strategy would be a good fit for me. Let me break down my current situation a bit:

- I’m 39

- Marine combat veteran

- Retired law enforcement offficer

- $8,500 a month tax free from military compensation and law enforcement retirement combined.

- $300k cash to start investing with

- Make extra cash from teaching online at a university and retail real estate since last September (not excited about it though. Retail side stresses me out)

My goal is cash flow. I'm drawn to David's BRRRR strategy and his book on long distance real estate investing. I also make some money by passively investing with a good friend of mine who is doing trustee sales her in California. Basically, I cut a cashiers check, he uses it to purchase a trustee sale, and I get back 1% of the purchase price within 2-3 weeks. It's a cool little strategy to make an extra few grand a month. He also gives me the option to keep the property and partner up on the flip side or whatever strategy we decide fits best with the property.

I've surrounded myself with good friends that I have known since high school that are doing really well investing here in Ca, however, neither of them like the idea of investing out of state and say it's too risky for them. Additionally, the BRRRR method is difficult here in Ca unless you have lots of money already. And I say that mostly from other people saying it, not from me researching where it may be a possibility here in Ca.

I’m writing this because I’m pretty confident there are many experienced investors here that would know exactly how to best leverage the money I have to begin with and I’m hoping to hear from you. I’d like to get to 50k cash flow by the time I’m 50 years old. I’m counting the $8,500 I already get.

If you would like to know more about me and my personality feel free to visit my IG page @josh_g____ (4 underscores after the “g”)

Can’t wait to hear from you all! What do you all think!?