Updated about 2 years ago on . Most recent reply
Tools or Apps to help me with my real estate journey
Hello, I am working on my financial independence plan - my goal is to generate a passive income of $10k a month. I have decided that I want to generate 50% of my passive income from stocks/dividends and another 50% from real estate. Although, still not sure about the split.
I already have:
- healthy 401k and I contribute the max
- roth IRA- I own my primary residence (have a mortgage)
- I own one rental property (with a mortgage), which is cash flow positive
- I also have $30k in savings
My plan is to continue saving and start buying other rentals. I am targeting 3-4 properties in cash flowing markets. Once, I buy them, I plan to aggressively prepay them and increase my cash flow.
I am looking for a tool, app or website that can help me create a financial plan to continue saving, investing and financing properties. Has anyone successfully implemented this strategy? Any thoughts and advice?
Thank you