New to RE Investing

[Liam S.]

New to BP and RE investing, but not new to property ownership. I am 38 years old, own one second home worth $1m (paid off) and I have $2m equity on my primary home. In addition I have $1.5m of cash ready to invest. For a short while I was tempted to drop it all in the stock market, but considering the existing landscape I don’t feel that’s the best option.

My goal: Retire at 50 (in 12 years), and invest today on what would give me the biggest shot at continuous passive income in 12 years…not today. I will still have (or hope to have), an active revenue stream coming from my business until I retire so my main goal is not raking in money today but to maximize revenue in 10-12 years.

My credit is 800, and in addition to cash in hand I am backed my over $3m of property equity available.

What would you do? Buy a few properties cash to avoid the currently high interest? Put down payment on more properties and absorb a mortgage on the rest?

I’d prefer to st in South Florida

[Nathan Gesner]

Welcome to the BiggerPockets forums!

It really depends. If you inherited the money, I would recommend you count your blessings and find a financial advisor that can help you continue to grow without losing what you were given.

If you worked hard, purchased these properties, and paid them off yourself, then I would say you have what it takes to cash out some equity and start investing.

I would recommend investing in syndications. You can get the same returns, or close to them, as you would by purchasing your own investments, but you wouldn't have to deal with tenants, toilets, or property managers.