General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 3 years ago, 02/09/2022
Road Block!!! (need a work around)
I am financially ready to make the jump into realestate investing however, I have a job that requires a lot of my time. When I say a lot of my time we are talking 65 to 70 hours a week. Today for instance I was seto to get off around 6pm to look and a duplex and a single family unit and all was going well until 530 rolled around and 2 vehicles sold and I had to stay to complete the finance paperwork. I had to cancel with my agent and felt like I had wasted everyone's time. This is my job though and I have to provide for family. Although these properties on paper worked well and had a COC return in the high teens and a cashflow after expenses at 250-300. It's a bit hard to look at properties and make offers if I can get there in the first place.
We have 6 kids and realestate to me is the way I have been dreaming of providing for my wife and I into retirement and my children after we are gone. We are not looking to make this a way to retire and live on the income but rather to purchase 1 or 2 homes a year until retirement and live on the income then or sell them off one by one as they are paid off and live on the proceeds from the sale.
I need some advice. Am I kidding myself to think this is the way to go when I work 8pm to 6pm-9pm 5 to six days a week. I know nothing about the stock market and have studied realestate for the past 6 years and have one succesfull house hack under my belt. If you've made it this far thank you for reading this.
How do you leverage others to help when you have no reputation in the industry? Hard question, right?