Rookie REI from Greenwood, IN (Suburbs of Indianapolis)

[Aaron Lucas]

Hey everyone, 

My name's Aaron Lucas and I'm 27 years old and just getting my hands dirty in the investing world. My wife has been a certified residential appraiser for 15 years and held her real estate license for 13 of those.

 She lured me into the appraising side, but after some requirement changes (and me completing my BS in Psychology and all of the appraising schooling,) we decided it would be best for me to go ahead and become an agent.

So, fast forward 3 years and now we own and manage a local boutique real estate business and have an ownership interest in 3 other local brokerages with the hope to keep expanding our model to other cities, while still managing her appraisal firm. 

Our business partner has gotten us interested in a private equity fund, or one-off's, and we have just moved forward on our first commercial investment and already have tenants in place prior to closing. 

I am looking for advice though from the rockstars about where to start besides that so I don't have to depend on my business partner to make progress forward. 

So, here's our situation... The ultimate goal is to have constant passive income, so my guess is that buy and hold MFH or SFH would be the best route? My wife and I own a home already but the mortgage is in her name only. We are still trying to pay off student loans and a line of credit and have little to no money to put into another investment right now. What's the best vehicle to get started on the road to constant cash flow and passive income?

[Ivan Barratt]

@Aaron Lucas if you don't have any money then yes! 

Focus on building a cash flowing biz that can funnel cash into income property. It's a timeless model used by myself (property management biz first, syndication biz 4 years later), Robert Kiyosaki (books, education, games, seminars), Grant Cardone (books, seminars, sales training programs) and many more.  Everyone of my partners is successful somewhere else. Then, they funnel excess funds into my deals in order to preserve and growth the wealth.