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Updated over 5 years ago,

User Stats

18
Posts
7
Votes
Robert Painter
  • Rental Property Investor
  • St. Peters MO
7
Votes |
18
Posts

New to investing and would like some advice.

Robert Painter
  • Rental Property Investor
  • St. Peters MO
Posted

Hello, my name is Robert and I'm 42 looking to replace my working income with passive income by the time I'm 52. I currently live in St Peters Missouri just west St Louis Missouri.

I currently drive truck for a living. Although I love my job I don't want to do it for long. The problem I have is available time. I am on the road for 11 days at a time and go home for 3. And most of my home time is spent with family.

I have a 700+ credit score and bring home about $6000 a month net I have about $3000 a month in expenses. I have about $30000 in available equity in my home.

Anyway with my limited knowledge of investing I can only see two options for me. Until I am able to quit Trucking and be available to be Hands-On

1. I can buy $100,000 turnkey properties with 25% down once maybe twice a year. With a property manager. But I am concerned on how many loans I could have at once

2. I could invest in other peoples flips are projects.

Anyway I'm just looking for advice on what path I should take or if there's other options I'm not aware of.

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