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Questions from a newbie
Hi this is my first post at bigger pockets. My main goal with real estate investment is generating money for retirement and not doing full time REI. My thought is to purchase another home in 3 to 5 years, rent the one I am currently in and possibly pick up another single family rental. In 10 years, I would to own 3 more single family rental homes.
I would like advice on researching properties, researching financing, and local meet up groups. I apologize if I'm asking redundant questions and if you could point me to previous posts, I would appreciate that.
I am 44, married with 2 kids, and have a good job. I'm living in the Duvall WA area and plan on buying on buying in that area. I do not have an objection to buying in other areas of the country. I'm mostly interested in either selling the properties or continuing to rent them after a 20 year period to pay off the mortgages. I would to generate some cash flow with the properties but that is a secondary goal.
My goal is to able to retire in 20 years thru REI and my 401K.
That you for any responses.