All Forum Posts by: Amy Hietala

@Jaspreet Baveja interesting advice! I had not considered that as an option. I’ll have to do some research into that option. Thank you!!

@Caleb Brown thank you!

@Will Fraser thank you! I will have to check out that book!

@Mike M.

Thank you for the reply! I live in Kent, WA. My goal is I would like to diversify my investments and also to leave my corporate job in the next ~3 years. I would like to:

1) Open a plumbing company with my husband. Start small doing weekend and nights work for the first year. Eventually, this would replace our current jobs. We have officially started the company as of this month. Startup and ongoing costs are already covered.

2) invest in real estate to diversify. Would like to get to $200,000 in income yearly from real estate, then just maintain. Happy to put in the work upfront, but would want this to be passive income with myself engaged no more than 15hrs per month.

3) Invest 10% of my income into the stock market yearly.

4) invest 15% of my income into a retirement plan.

I’ll have cash $100,000 in May, I have $50,000 now invested in the stock market (receiving a small windfall in May). I figured I’d wait to invest in something bigger in May when I have more for a downpayment. My initial research seems to point to investing in 1 larger property for more cash out of state is better than buying multiple  cheap small places in questionable areas. First  time buying rentals ever. Will use a PM as I work 65 hrs per week at my current job. If you were me, what would you do with $100,000 “cash”?