Property Management company vs. buying own properties

[Jennifer Calvert]

We have about $80k-$100k to invest in RE. My goal is to have our own properties (MF, RV park, STR) and start building generational wealth. We do not have to replace my income but my husband is looking to retire early. We have been speaking with a prop mgmt franchise company and based on my research and other franchise owners I've spoken with it's a slow grind. I am not opposed to hard work, but I prefer to work smarter not harder. My theory is I might as well use my own money to buy my own prop and manage it than run around like a crazy person trying to muscle up other people's property to manage. Thoughts and insight from people who have experience doing both would be so appreciated.

[Steven Foster Wilson]

Originally posted by @Jennifer Calvert:

We have about $80k-$100k to invest in RE. My goal is to have our own properties (MF, RV park, STR) and start building generational wealth. We do not have to replace my income but my husband is looking to retire early. We have been speaking with a prop mgmt franchise company and based on my research and other franchise owners I've spoken with it's a slow grind. I am not opposed to hard work, but I prefer to work smarter not harder. My theory is I might as well use my own money to buy my own prop and manage it than run around like a crazy person trying to muscle up other people's property to manage. Thoughts and insight from people who have experience doing both would be so appreciated.

 When you go on vacation which will require the most attention. In 5 years which will be worth more? IMO owning real estate is the obvious choice for creating long term wealth. I started 3 years ago with $15,000 from my grandmother in Columbus OH, now I have thousands a month in cash flow and hundreds of thousands in equity, and I only have 2 properties.