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Updated almost 12 years ago on . Most recent reply
Determined to escape the rat race....
You're 35 years old. You have 2 young kids (ages 1 and 3.) You are the sole breadwinner in the family. You leave the house at 6:00am and return at 7:00pm because you fight LA traffic every day. You don't yet own a home, but you have $20,000 you can invest and a burning desire to start clawing ones way out of the rat race so you can actually experience living again. What do you do? What DO you do? Any and all investing tips are appreciated. I gotta make this happen...
Most Popular Reply
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First, first, first brother you sit down with the missus and make this a team effort. I have two babies 9 and 12, and you are looking at some serious belt tightening that will strain a marriage is you both are not on the same page.
Secondly, since we are neighbors, you are gifted with the bazillion real estate investment groups available to us here in Los Angeles.
Type real estate in meetup.com
Thirdly, you ask a lot of questions both here and in the REIA and see if you can find yourself a seasoned investor that will take you under his/her wing.
Also, a warm welcome to BP, you will find some genuinely warm and thoughtful people here.
Then, when you feel you have an inkling of what you are doing. . .jump in!
No telling where your journey will take you: flipping, tax sales, hard money, birddogging, wholesaling, leases, notes, buy and hold, syndicates . . .
PM me Greg W., I can at least get you started with the RE groups!
Happy Easter All,
Tevis