Originally posted by @Account Closed:
@Willie R.Inthink it depends on what your goals are. Are you looking for passive cash flow with minks work?mim assuming you do not have the time and energy to put a lot of work into a couple of properties. It's important to know your goals and what you are trying to get out of investing in real estate.
Nick, thanks for the response. My main goal is to generate $150,000 in income per year within eight years. I can currently modify my work schedule to work about 15 hours per week on the business. Eventually I would like to pass the business on to my kids. I have been listening many of the BP podcasts but there are so many ways to be involved in real estate I’m having trouble deciding where to start and what method will help me reach the 150K goal. So I’m asking what you would do if you don’t have any experience with real estate but where willing to research and learn and had access to 200K at 4%. Also is 150K per year within eight years a realistic goal or am I dreaming to big?
