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Updated almost 4 years ago on . Most recent reply
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Seeking REI-minded Financial Advisor - Los Angeles
Hello all BP'ers!
I am looking for a financial advisory to help me with my roadmap in the REI and FI world. I have a lot of work to do and need some help. The financial advisors I have consulted with so far have been more "cookie-cutter" sorts who advise the same sort of slow lane stuff as they probably recommended to virtually everyone that walks in their door. I want to be more aggressive and focused on the best strategies for putting REI and wealth-building into hyperdrive. I am still in the beginning stages, but I would like someone on my team with an understanding of ambition and how best to proceed with real estate being the primary focus. I am based in Los Angeles for the time-being, with tentative plans for a move to Texas. I am open to a variety of options. Please reach out if you have any referrals or if you believe that you can meet my needs. Thank you!
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@Trevor Barrett I'd look outside of financial advisors as when I was new I did the same and got the answer of 'buy REITs, buy blue chip stocks, stay away from risk, 2-4% a year is good move." We cant get to FI with this kind of return/mentality. Speak to as many REI professionals who are using RE to got to FI world. Lenders, realtors, owners, etc. They all have little bits of advice that can help you build what avenue or RE you want. You may discover a route that you hadnt previously thought of that a REI knows about but FI don't.
In this current market, you have to really search and make deals work as it takes much more effort to get to FI now than it did in 2010.