Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 11 months ago,

User Stats

4
Posts
1
Votes
Matt Pippin
1
Votes |
4
Posts

Looking for guidance

Matt Pippin
Posted

Hello everyone,

Wondering if a few of you can help me work this through. I am new to real estate (zero properties, currently a renter myself). I am currently using the FIRE strategy to become financially independent. I am on pace to achieve that in six years and join the millionaire club two years after that. I would like to expand into real estate to further that objective but my primary motivation is that I'm bored with my W2 job and need a bigger challenge. I don't hate my job, it's just too easy for me after doing it for 20 years.

I have $50K in savings (separate from 401K / investments) that I could use to start but my wife's motivation is to purchase a house for our family. I'm not interested in paying inflated prices for a primary residence at the moment and would rather invest the money into a rental property that cashflows.

I know this is a weird question given the audience I'm asking. Is it worth getting into real estate to meet our financial independence objective even though we're going to make it in 6 years anyway without the headaches of dealing with tenants?

Appreciate your thoughts.

Loading replies...