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