Hello fine folks of Bigger Pockets!!! My name is Jon Passow and I'm a professional brewer by trade that lives in the mountains of Northern California. I discovered this site through their You Tube videos and felt called to join the forum!
I've been thinking about joining the real estate world for a while and now I am officially pulling the trigger! I'm knee deep in researching and learning as much as I can. The more I read the more my goals come more into focus.
For the moment, my 3 year goal is to earn, through rental properties, $50,000 (or more) a year in passive income. This will allow me to “retire” and then be able to dedicate my time to growing my real estate business. I want my focus to be on rental properties and have management companies manage the properties for me. Eventually (looking at within 8 years), I want to have over a million dollars in equity and be earning over $30,000 a month in passive income. While I really love the idea of purchasing single family homes, I think at first I want to start out with multi-family properties to get the ball rolling on my ambitious goals. Definitely going to be looking out of state for the properties.
Last year my wife and I purchased land (in a land partnership deal) and are in the process of building our home.
I'm hear to learn, network, possibly find investors, and learn...did I mention I'm here to learn? Thanks in advance to everyone and I look forward to being a part of this community! May you pockets always be bigger! Prost!
