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Updated over 6 years ago,

User Stats

7
Posts
3
Votes
William Nance
  • Troy, MI
3
Votes |
7
Posts

Fee Only Financial Advisor Recommendation - Troy, MI Area

William Nance
  • Troy, MI
Posted

Any recommendations for a fee-only CFP in the metro-Detroit (Troy and outward) area?

My wife and I have begun accumulating savings and have eliminated all of our student loan and other bad debts (2017 was a huge year of change thanks to discovering Bigger Pockets). While we're in a starting position ($25K in cash savings), we are now saving $3K per month and looking to build a plan with an advisor who has personal experience in real estate investing. My thoughts were to begin regularly investing in Vanguard's S&P 500 index fund (VOO) and continue to learn as that grew into a decent capital position (~$100K) to begin investing in smaller MFRs (potentially with a partner currently in MFR who is interested in purchasing with me). I'm happy to admit Set For Life has continued my transformation this year and going toward this point. Becoming job optional with "passive" income as soon as possible (~10 years) being the ultimate goal (i.e. property management company employed to run the assets, but as we haven't started yet we're keeping an open mind and this is why having a CFP who has real estate investments themselves is critical). I already track and budget all our finances and have a basic plan to wealth generation put together, but a second set of professional eyes to correct or reinforce is what we're after.

Long story short, a fee-only CFP with real estate investment experience, interest in clients looking to seriously grow wealth from square one, and who would create a plan we may check in on once a year would be perfect.

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