Many people might think that investing in multifamily is less conservative, but I believe your income stream is more diversified.

I had posted this in the new member introductions forum but I wasn't sure where it should go so I'm posing here in the starting out forum as well.I've had this idea in my head for a couple years now about buying property and then renting all or part of it out in order to develop an alternative income stream and I just found out about the bigger pockets community a couple of months ago.

Saving money for the future is far easier to do with two, three or more income streams rather than just one.

I am not an agent but I am a small business owner who needs additional revenue streams to meet my future financial goals.

For most,  they should focus on income streams outside of real estate that can be increased and funneled into income property.All the best!

Your situation is a classic example of vertical vs. horizontal income streams.

I had a literal STREAM of water in my basement whenever it rained.

I’m feeling nearly inundated with information streams, which isn’t a bad thing.

In my mind, the holy grail is leveraging with pre-tax, compounding interest, opportunities with quality assets that create multiple income streams.

There are a few other areas on the map in or near the bullitt county border that remain undeveloped that may be good for infill and multifamily to support the ups world hub and surrounding businesses.