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Updated over 11 years ago on . Most recent reply
Hello Bigger Pockets
Although I joined a few months ago and visit the site frequently I haven't introduced myself. I certainly appreciate the BP resources and really enjoy the member articles.
My situation is probably somewhat unique, I'm in my early 50's and am looking at retiring from my current employer in 4 years. I will receive a pension but it's not enough to live on comfortably. I would like to become a real estate broker at that time.
I currently own my primary residence and have purchased/financed one rental single family that is returning over 10% per anum. I also own a view lot that I plan on selling in a year or two and rolling the proceeds into 3 or 4 more single family homes. I currently have offers on two single family short sales which I'm waiting to close on. One has shown very little movement over the last 7 months but the other should close soon.
My goal is to pick up 5 to 7 properties in the next 4 years to creat a new cash stream and utilize to augment my retirement annuity.
Scott
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Welcome to BP Nation Scott. Looks like you have a very nice plan. Grab as many as you can on the way, do not be afraid of multifamily, and of course, buy right! That is the key to investing.