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Updated 7 days ago,
REI in Vancouver, BC
Hi powerful BiggerPockets members!
Soon I will receive some capital (as the outcome of my divorce). I want to invest it wisely so that a part of it is used for my living expenses and the remainder invested in RE producing cash flow and appreciating over time. Since I am entering this field in the latter part of my life (63), I do not want 'long-term' investments as I am not interested in making millions, but having enough for the remainder of my life to 'Vive La Vida Loca'! ;-)
I am starting to read books, audiobooks, and this site to build
a basic understanding of RE investing in 3-6 months. By then I expect to have a clear plan so I can move into action.
I don't expect to know everything by then, but I hope to develop a basic strategy that prevents me from making the most common and costly mistakes that a newbie can make.
Would you share 3 specific things I should do during my "training period" (if it includes a book, which one)?
Thank you!