Growing Capitol. What would you do?
Hey everyone!
I want to share the position I am in with you all to get a good idea of what your advice/opinions on the matter are. Currently, I have a job paying in the low $20's/year and I love it, however it is a grant position and it has only been funded for one year. I took the job because I knew I would love the experience, but the pay does make it hard to raise capitol to invest.
My goal is to invest in a rental property that I will house hack located in some markets in Central Florida. I want to become FI by growing my cash flow via rental properties. I could go more in depth on my goals, but I want to keep it general for now. The issue that I am having to work with is that I also have another business I am building up. I know this business/market and have had success already with it. It is also one of my main "WHY's" for wanting to become FI. I want to be the best I can be at the business and work on it without having to have a "job". In order to grow my personal business, I would need to grow a lot of capitol for it, which would take away from the savings for investing in real estate. Being that I don't make a lot of money as it is for the time being, what advice would you give on the allocation of savings to invest with?
I want to invest in real estate, but I know it would take some time to get the cash flow I am looking for. If I focused more on my business, I could see profits and good ROI within a year or two. Should I stick with one investment, or should I save as much as I can while putting away money for both? Any advice would be greatly appreciated! Regardless of what happens, I will invest in real estate and continue to educate myself on it.
Most Popular Reply
i would start by using the correct spelling.
Capital - finance, money.
Capitol - the building where our good for nothing politicians meet to plot our demise.