Newbie, high income, not a lot of time - Where to start?

[Brian M.]

I'm in my young 30s in a high-paying tech sales with position no plans of leaving my 9-5 any time soon. I have about $150k sitting on the sidelines and have investments in equities and a bit of crypto, but want to get more exposure to real estate outside the house I live in. Being in sales my income is volatile but I typically have an extra $50k-$150k/year left over to invest each year. My goal is long-term wealth. While cash flow is important, I just want to at least break even while maximizing appreciation. I'd love to do BRRRR but realistically I just don't have the time between my job and other life events going on.

Considering I'm very green to REI, where would be the best place to start? I've thought about getting an SFH (ideally one that's pretty turn-key) and hold for the long term. I also just started reading about syndication.

Thoughts? Opinions?

[Adam Sieg]

Hi Brian - 

Welcome to real estate investing!  I was in your position about 2 years ago and we have escalated from 1 rental property to almost 22 units.  

My first rental property was actually  my wifes townhouse that we didn't want to sell when we were moving.  We had friends who needed a place to stay so it all worked out.  My first real experience in real estate was through turnkey properties.

I didn't have a lot of time - working 50 hours a week with a new baby on the way. I didn't want the stress of BRRRR and honestly, looking at turnkey, it allowed for me to have someone help me through everything without a lot of the risk that comes with other strategies. I had a property that was renovated, a PM in place, a favorable lender, and tenants ready to pay rent.

I went with Rent to Retirement who essentially provided me everything I needed. I've ultimately purchased 3 SFH from them and have under contract 3 new builds in the Cape Coral area.

Would definitely recommend looking into them and if interested reach out to @Zach Lemaster for more information!

Happy Investing