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Updated over 5 years ago on . Most recent reply

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Jed Jordan
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New to Real Estate and seeking advice

Jed Jordan
Posted

I've only recently been introduced to Bigger Pockets, and just joined today.  I have been interested in real estate investing for many years, but am not sure I want to deal with tenants.  I know this can be a problem.

A little background on me:  I have a day job that I really enjoy about 95% of the time.  I am not looking to make a career change any time soon.  I am blessed to earn a high income and have reasonably high job security.  My income is largely commission based so it does vary depending on the overall economic picture.  That said(or typed), I have managed my money reasonably well and have a decently sized bank account from which to invest.  I am currently invested in just two places: the stock market via individual stocks and broad based etfs, and an equity share of the company by which I am employed. I need to further diversify.  I also relish the idea of generating passive income when I retire in ten years give or take.

I am looking for advice on what direction to take seeing as I personally don't want another job managing properties or dealing with the aforementioned tenants.  I have thought about short term vacation rentals with a management company handling the day to day.  I've listened to podcasts on the site dealing with notes which seems interesting. 

I understand that my starting point might be somewhat unique, and am looking for ideas on the best path to get started, taking into account my particular situation and goals.  Thanks in advance for your input!

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