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Updated over 5 years ago,
Higher Income Investor
Hey all!
First time poster, long-time lurker. I wanted to pick the brains of people on here much smarter than I about my situation. I'm looking to invest in real estate and am fortunate enough to have a fairly good job with a pretty good income. I have read books, blogs, and listened to podcasts on different investment strategies in RE, but so many of these are tailored to "how to get into real estate with little or no money." I'm not interested in hard money, owner carry, etc., as I plan on using my own money for my investments.
A little about myself: I'm 30 years old, and up until this point, have been going through school and paying off my student loans. As of this month I will no longer have school loans, and I will have about $25k a month to do what I please. My wife and I are both DINKs, live far below our means, and the only debt obligations are a $500 car loan (thanks, pre-marriage wifey) and a $1k mortgage. My job is such that I also have a lot of free time to devote to real estate.
With that said- as someone who wants to buy-and-hold, only selling when opportunity arises, what asset class would you recommend for someone in a position like mine pursue? I've studied a ton of different vehicles, and my current thought is to start in small multi-families (duplex, triplex, etc.) and build up from there to learn the fundamentals as I have no background in RE aside from the studying I've done. I'm currently reading the BRRRR book and this is also something I'm closely considering. I guess my question is- if you had $25k a month of disposable income to invest in RE where would you put your dollars?
I apologize if this post comes across as ignorant or naive, and please forgive any flawed misconceptions I may have. I appreciate any and all advice!