All Forum Posts by: Simon Cox

@Jack Butala Awesome stuff, thanks for sharing!

@Corey Petersen Thanks for sharing your story and progress! My friend and I are gearing up to start direct-mailing and reading through your process is helpful! Best of luck.

@Anson Young Thanks for the tips

@Simon Shih Thanks for the input, I think that might be their best bet. 

Hey everyone!

My parents are in there early 50s and are looking for a change in their investing. I like to think I have inspired them with my recent excitement in real estate investing and I am trying to push them this way. They are open to the idea and I think they have potential. I am still relatively new to this myself and am looking for my first deal!

So they have $50k sitting around they are willing to use and are looking to build a portfolio that will generate passive income for the years to come.

I was thinking they should move forward with a good buy-and-hold in their budget (maybe two) and then moving forward over the next couple of years with a 1031 rolling into bigger properties.

Any suggestions towards the best first step would be welcomed!

Thanks!

Thanks for the information guys!

Sounds like a great deal! Congratulations, this is only the beginning!

@Jeff Cox

Welcome to BP, this is the place to learn!

Best of luck!

@Peggy Willrodt

Welcome to BP! I'm a newbie myself but loving every minute of the real estate education available here on the site. My wife's parents have a condo in Sarasota! Such a beautiful place you live in!

Best of luck, hope you find that first deal soon!

@Hattie Dizmond

Wow what a wealth of information you just dumped in my lap! Thanks a lot. Knowing about those areas will give me some confidence as I'm searching for that first deal. 
Feel free to send anything my way if you're feeling generous or don't have the time to deal with!

Cheers!