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Updated almost 4 years ago, 01/05/2021

User Stats

8
Posts
4
Votes
Sam Mayberger
Pro Member
  • Investor
  • Kansas City, KS
4
Votes |
8
Posts

Newb investor in Kansas City wanting to build cash flow.

Sam Mayberger
Pro Member
  • Investor
  • Kansas City, KS
Posted

I've been lurking on the site for some time and would like to get some direction for my axe sharpening. Currently working 45 to 70 hours a week in health insurance sales and am looking to build a passive cash flow of 10k a month to eventually replace my current career and another 10k a month to replace my wife's salary.

A few opportunities that I can work with:

1. I live in Kansas City

2. Will have between 50-80k to invest each year starting 12/21

3. Have a strong desire to become financially independent

4. I have grit

5. Have 60k in primary residence equity

6. Have proven sales experience

With that said, I have a some questions for the BP community:

1. What is the most efficient way to create my desired cash flow with my limited weekly time restraints?

2. How scared of the impending market correction should I be?

3. Would it be more advantageous to wait to invest in order to stockpile cash to purchase multiple properties when prices come down or should I get my feet wet and get started with less than optimal numbers to get experience sooner?

4 What is my very first course of action outside of podcasts and books?

I appreciate any responses and am grateful for being able to post here. If anyone is in the KCMO area and would like to have coffee or meet up give me a shout!

Sam

  • Sam Mayberger
  • Loading replies...