Quote from @Jed Butikofer:
Hi Everyone!
I recently started with a new company that is paying for my housing, vehicle, and fuel. This has freed up my income substantially from where I was working previously. Looking for thoughts and suggestions on how to utilize these new funds for real estate investing. Please consider the following:
- Monthly savings: ~$4-5k
- Full time job: Traveling and always relocating
- No real estate currently owned
My wife and I have long term goals to live on a remote ranch and would like to use real estate investing as a means to get there. I don't necessary want to quit my job but having the option to do so is desired. We are both very hard workers and have a lot of ideas such as saving to buy investments in cash (takes a while), using private lending and keep the savings as an investment rainy day fund, and others, but it always helps to get a second opinion.
Any recommendations on ways to best utilize this new income would be greatly appreciated.
Thanks!
I can definitely relate to wanting to live on a remote ranch! Early in my career I worked on cattle ranches, then started doing farm and ranch loans for seven years, and now have been doing hard money lending and other real estate investing. Making income and growing wealth outside of agriculture can be a great way to get into it in my opinion.
Have you already started using private lending in your portfolio?
