Hi there!

My partner and I are looking to create a portfolio of long term rental properties to create freedom and independence from our W2 jobs, and create a foundation for generational wealth. Having a toddler now has fueled and accelerated or desire to make some actual moves towards this goal. 

My partner's profession is not linked to real estate, but he is sharp as a tack when it comes to finance and financial analysis. And for over 10 years, I have been in multifamily affordable housing development, and I am very familiar with asset management, property management, construction, and tax credit financing.

We own a primary residence and plan to stay here (house hacking is not for us), and have been saving scrupulously for the down payment of our first investment property, ideally a 2-4 unit multifamily. 

Because of my professional experience, we'd prefer that our properties be nearby so we can self-manage and save the 5-8% typical of property management fees, at least until our portfolio grows. But given our high cost city and sky rocketing interest rates, early and simple analysis of any property has so far resulted in negative cash flow. 

My main goal is to understand what types of loan products are available, and we are now more open to analyzing out of state purchases.

We are eager to make our first purchase within the next 3-6 months. The mid term goal is for me to replace my W2 salary within 2 years, and shift full time to the management and expansion of our own portfolio, with the goal of replacing my partner's W2 salary within 1-2 years after that, so that he can join me. 

We have a toddler, and hope to have another kid soon, so between that and our full time jobs, life is chaos lol. But we have never felt more strongly that this is the path for us to "reduce the noise" and be in better control of our collective futures. We are both self-made, and while the goal feels daunting, we know we have it in us to hit it.

Long story short - I love my job, but I'm done making money for other people!