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Updated almost 7 years ago on . Most recent reply

Soliciting Genuine Feedback: Rate Me 1 or 10?
Hi Everyone! Hoping to get much needed advice. My husband and I are getting really interested in REI (particularly buy and hold, single-family homes in the Seacoast of New Hampshire or Maine). We are in our early 30s, have twin toddlers and both work full-time. I'm in the middle of completing my second masters, an MBA (part-time and free thanks to tuition reimbursement from work). We would love to create a passive cash-flow at some point, and I hope to create meaningful social, environmental and economic impact through this and all of my endeavors. My question is this: on a scale of 1 to 10, with:
10 being “You sound like a hard-worker, with enough education and a loving partnership, you and your husband will be just fine. Never Stop, Never Stopping!”
and 1 being “You sound nuts. Chill out, enjoy the kids while they are young and don’t bite off more than you can chew”
where would you put me?
Most Popular Reply

Go for it! Listen to some podcasts, read a couple of books, and take the plunge. Hopefully it will buy your time back, so you can be around more for the kids. My husband and I are in Dover, about to move to Rochester, and are house hacking our 3rd 2 family home. Check out the rental property calculator on this site (I think the first 5 are free if you are not a member). If you are looking to invest locally, you might have a hard time getting single family homes to cash flow. The prices around here right now are very high, but thankfully rents have skyrocketed too. We have a property in Somersworth that is a single family home and has a detached garage with apartment off of it. People love the property because it is basically like 2 single family homes on 1 lot. Those don't come up often, but they do once in a while and tenants will line up to get in one. If you want to chat sometime, message me. Good luck!