Newbie - Analysis to Paralysis
Hi Everyone,
My wife and I are both about 10 years from retirement and looking for passive income streams through REI. We are both full-time employees (20 and 29 years at our jobs) and have some reasonably successful event side-businesses.
We have been doing our research but have hit some roadblocks with regards to our initial investment. We live in the DC area which makes takes several options off of the table. I am from the Baltimore area and know the city well. I also am very familiar with Ocean City, MD.
We have narrowed down the following options:
1. Buy and Hold Rentals in Baltimore County
2. Buy and Hold Vacation Rentals in OC, MD
3. Crowdfunding through RealtyShares
The bottom line is we are reasonably well capitalized and have about 200k to work with but do not have a great deal of time other than my summers off as a teacher. We have been analyzing and over-analyzing to the point of paralysis.
Any guidance??
Thx!!