Recommendations anyone?

[Joshua Betancourt]

Hello to you all,

My name is Josh and the book I'm reading recommended this site so I'm giving it a try. I'm 25 years old living in Miami fl. I was seeking some advice because my life is about to change after this law suit that I'm going through and I want use that money to buy myself a house. So let's say I make $300,000 ... My plan is to buy out a house cash because I do need somewhere to live I'm currently with my parents for the purpose to save what I can in order to buy my own place. I want to buy out the house because I don't want my house being a liability that way I can focus on obtaining assets. I was then thinking of using my VA home loan to purchase a second property to rent out. My goal is build up enough assets to have a great retirement or if I have enough to were I won't have to keep my job anymore. I currently make about $4,000 a month in my current job which I'm planning on keeping until I have reached my goal. Any recommendations or different ideas ?

[Peter Vekselman]

@Joshua Betancourt if you are about to come into that much money and are also making the income you are making you are in a pretty good place.

I would NOT tie all that money into one property.  That would tremendously limit your upside potential.

Remember, this is a business of leverage.  Be smart with it.  Think through what your real goals are and then focus on the strategy that will best get you there.

That kind of money can be used in smart ways and get you to 1M in the next few years for sure.