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Updated over 5 years ago,
New to investing and would like some advice.
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.