Newbie “Bob” with little time

[Pat Noyes]

Hello, I’m a newbie Pro member that I would self-describe as a “Bob”, meaning I have a great job, great income and great credit (as does my husband). We also have good discretionary income and a lot of equity in our primary single-family residence. Our objective is to build a portfolio of real estate income-producIng assets that generate ‘passive’ income for retirement. I am a learner that is absorbing as much as I can through books, webinars, blogs and podcasts when I have spare time. But I do see that there is a whole lot to learn and many paths that can be taken. It looks like the most profitable approaches involve buying rehab properties and using the BRRRR strategy. However, my husband and I don’t have this type of experience or a lot of time to invest in this type of activity due to our full-time jobs and other commitments. My questions is: what advice would you give to a novIce “Bob” with little free time but defined goals? Thanks! Patti

[Mike Dymski]

With little time and lack of interest in rehab, Bob may want to invest with others who have full time staff devoted to these activities (i.e. syndications).