Charting the course

[Alexia McIntyre]

New investor just moving into my first property. It's a single family house that I am adding a basement unit to so that I can house hack. I'm trying to determine what my next move should be and when. 

My goal is to replace my income with cash flow from my rental portfolio and I need to complete this in the next 8 years. 

Problem is.... I don't know where to start. I'd appreciate suggestions for a plan or for resources that can help me plan.

Thank you for your time 

[Jack Tulloch]

Alexia - it sounds like you are already on the right track. You should continue to learn and network with others as you try to determine your next move. Reading articles/books, listening to podcasts, and going to local meet-ups are all great ways to learn and connect with other likeminded investors. 

I recommend honing in on one type of strategy and dedicating time to learning the ins and outs of it. For example, you mentioned multifamily, take some time to read up on multifamily investing. Reach out to other experienced MF investors, listen to MF specific podcasts, etc. I think this is a great place to start!