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Updated almost 4 years ago,
Advice/Resources to Get Me Started (again)
Back in the day (pre-kids), I was a highly motivated, highly successful business person. I got interested in real estate, taught myself everything I could using books (Kiyosaki originally got me very motivated) to seminars, reaching out to people, etc. Bought 2 4-plexes in my late 20's, and later made just under 7 figures in about 18 months doing some flips. Then, kids happened....became a stay-at-home, home-schooling mom of 4 kids (3 with special needs). Still home-schooling 4 teenagers, but I am ready to get back in the game. I NEED to get back in the game, but I know the rules have changed, EVERYTHING has changed from where/how to source deals to funding sources, etc.
I am now 47, and need to build a retirement, and longer-term, generational wealth. I am interested in multi-family to achieve this, but open to other suggestions if there are better options.
So my questions are:
1) What books/podcasts/webinars/authors/resources would you recommend to get me going again? What resources should I begin to devour to help me understand the world of multi-family investing in the world today??
2) Given my age (47), goals (cash-flow for retirement; longer-term wealth), and the fact that financing would have to be non-traditional (while I have access to a bit of cash, we are entrepreneurs whose tax returns do not look good in the most recent few years), is considering multi-family my best option? If not, what would be suggested?
3) I live in Denver area, mid-way between Denver and CO Springs....any recommendations for markets to begin to target/research? Ideally in CO, but if better markets, would be happy to look out-of-state.
I am VERY open to learning, and will greatly appreciate any advice or insights anyone with more recent experience and success can share.
Thanks in advance.