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All Forum Posts by: Joey Anderson

Joey Anderson has started 1 posts and replied 2 times.

Thank you for the detailed response. Multi-family has definitely caught my attention. Thinking of the concept of using a FHA loan to buy a 3 or 4plex to start. Additionally, it's funny that you listed Storage Units since I've been fascinated by them as an investment since high school.

I have $75,000 a year of disposable income a year to invest in real estate.  I know next to nothing about real estate, I am looking for blueprint ideas to work towards a goal of $5,000,000 of net worth in the next 10-15 years.  Just learning some basic terms but by net worth I mean a combination of equity and passive income.  I am 43 male with basic construction skills if that helps.  I live in the Tacoma/Seattle area.  I am looking for a plan that is of low to moderate risk.  I am not looking to get rich quick and want to build secure wealth.  Any ideas or links is greatly appreciated as is your time.  I am not looking to get started for about 6 months as I am just starting to build my own company.  Looking to find my niche and become an expert in one area.  I am not looking to quit my job and become a full-time real estate guru but I am willing to put in 15-20 hrs a week worth of work.  Again thanks in advance. If this belongs in a different forum please redirect it. TY