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Updated over 5 years ago on . Most recent reply

User Stats

51
Posts
25
Votes
Morgan Madill
  • Contractor
  • State College
25
Votes |
51
Posts

RE Strategy for working on the road and long hours

Morgan Madill
  • Contractor
  • State College
Posted

Hey BP,

I’m a recent college grad I just got my first job working in the construction industry as a safety engineer. Every couple months I move into a new area. The upside is great I can stack away 40,000 to 50,000 after expenses for real estate investing. The downside is moving to new locations every couple months, and working anywhere from 50 to 80 hour work weeks.

My goal is to be financially free within eight years. I would like to build a buy and hold cash flow multi family portfolio.

Is this the best strategy for my situation and do you have any tips to making this work?

Most Popular Reply

User Stats

172
Posts
57
Votes
Ben Feder
  • Investor
  • Philadelphia, PA
57
Votes |
172
Posts
Ben Feder
  • Investor
  • Philadelphia, PA
Replied

@Morgan Madill you're lucky to have such a good income for expenses! I also am interested in a multifamily buy and hold rental portfolio. I am new but based on what I've learned and heard from others, the best strategy for you is one that works specifically for you, but multifamily BRRRR is a good niche and strategy to go with when you are starting out if you want to scale up quickly and minimize your risk on a per tenant basis. Good luck in your endeavors. Maybe we can share stories as we go along since we have similar goals. I am from the Philly area!

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