Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

2
Posts
1
Votes
Chris Pace
  • Las Vegas, NV
1
Votes |
2
Posts

Jumping in with both feet

Chris Pace
  • Las Vegas, NV
Posted

Hello 

I'm new here and wanted to introduce myself. I'm 46 yom married with two kids. I live in Las Vegas and work for the city. I am working on my retirement plan which I would like to put into motion in 6 years. My goal is to have a passive income of $4k by Jan. 2023 I have available to me $150k in equity in my home to use, plus $50k in my 457 I can access.

I'm leaning toward buying SFR and small multi-family ( 4-plex up to 20 unit) to be able to accomplish my goal. I'm looking for some advise on how much I need to buy in the next 6 years to make this plan work, or should I be looking at other avenues? Thanks for any advice and your time for ready my post.

Most Popular Reply

User Stats

2,205
Posts
973
Votes
Shawn Mcenteer
  • Realtor
  • Boonton Township, NJ
973
Votes |
2,205
Posts
Shawn Mcenteer
  • Realtor
  • Boonton Township, NJ
Replied

Chris Pace I would suggest you attend a local real estate investors meeting. Talk to others in your area to find out what is working for them. Where I live single family rentals are tough to make money on but Multis work well. It may be the opposite in Vegas. Network.

  • Shawn Mcenteer
  • 9739753895
business profile image
House Hacking New Jersey
5.0 stars
56 Reviews

Loading replies...