Our Why and the Best Strategy to Acheive Our Retirement Goals

[Anne Christensen]

Hello all,

My husband and I are a bit late to investing, but we know it can help supplement our retirement. We are about 10 years out. I don't think we will ever have enough "doors" to replace an income in this time frame, but we would like to get to 5 doors in the next 5 years which we would sell in 10-15 years to help supplement our retirement income. We are considering long term holds using the BRRRR method focusing on marekts that will be likely to appreciate to reach this goal but have also heard a flip in today's environment may be a better place to start. We have good cash on hand to start and very good equity in our primary home for any rehab costs. Any advice would be greatly appreciated!

[Eric Gerakos]

Anne, I would advise you to focus less on the number of “doors” and more on the quality of your investments. Better to own a few quality properties than a bunch of crapboxes that end up damaged and vacant and eventually lose money. Best of luck to you.