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Updated over 9 years ago, 06/10/2015

User Stats

26
Posts
3
Votes
Matt M.
  • San Antonio, TX
3
Votes |
26
Posts

Would like advice on strategy

Matt M.
  • San Antonio, TX
Posted

Hello!

I'm a 30 year old newbie investor looking to make a go of it as an REI. I'm stuck with a little analysis paralysis and I was hoping to get some feedback through the bigger pockets community.

Current situation:

-Full time employed as an Electrical engineer making six figures currently

-primary residence is on a 15yr note @2.65%. Owe $180,000 and home is worth about $260,000

-Have $50,000 liquid cash to begin investing in real estate

Goals (lofty I know):

-Retire from day job by age 50

-own home in San Antonio (primary residence), own home in Port Aransas, TX ( beach home), and own home in Winter Park, CO (mountain home). Wife and I would like to live in each home throughout different parts of the year.

-have enough rental income to live off of in retirement

I have done a lot of reading and research but I seem to be just tying myself up in knots as to which direction to go. I'm leaning towards multi family rentals but I figured I would reach out to more experienced investors on the site to get some ideas on strategies for starting out in my position. Thanks in advance,

Matt

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