Soliciting Genuine Feedback: Rate Me 1 or 10?

[Faina Bukher]

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?

[Megan Frank]

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!