If you had 500k what strategy would you do?
Hey guys,
Hypothetical scenario:
You have 500k of you’ve saved and now want to drop everything and enter real estate full time…
What’s your strategy to replace a 300k salary as quick as possible?
Most Popular Reply
The best strategy is to not quit your day job until you've built a portfolio big enough meet your income requirements.
You have three potential paths. 1) Build an active investing business, something that takes time. It is also not a linear path, so there will be bumps along the way. You will need a pretty good buffer. It is best to have other income coming in. 2) You could just invest passively. Since returns won't be as good, you will need several million dollars deployed to meet a $300k salary. 3) A hybrid of active and passive.