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Updated over 8 years ago on . Most recent reply
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Looking for input on niche/strategy to start in March
Hello BP friends,
I am getting started with REI and currently trying to decide what niche/strategy would work best for my situation. I'd love some helpful feedback from you to help pick a good strategy.
Here’s a little about my situation and goals:
My ultimate goal is to build a portfolio of real estate investments that will provide wealth and income stream that will support my retirement in 10 years.
I plan to keep my full time job for the next 10 years. I will have money from my job to fund my portfolio, and I plan to re-invest any proceeds from investments in the portfolio. I will not need any income from the portfolio while it is growing.
I wish to pick a strategy that uses leverage to (sanely) enhance growth.
This is most important to me: I wish to pick a strategy that maximizes tax savings and/or defers taxes as much as possible to after my retirement when my income will be much lower than it is today.
I wish to pick a strategy that can be manageable even while I have a somewhat busy full time job.
I wish to set up a strategy that is diverse and long-term, able to weather a down market cycle.
I’ve given myself until March 1 to learn, decide what my strategy will be and execute. That’s 179 days away.
Thank you for your time and feedback and don’t forget to fire up the BBQ this holiday weekend!