I am a current teacher (middle school math, Boston) I will retire in about 4-6 years. I want to start my journey now so I am ready to commit full time when I retire. My Goals?
1. Purchase a rental property that pays for itself so each of my children can inherit a house. (my current home will be paid of in 2 years)
2. Flip houses or Income properties to fund lavish vacations / gifts and to help children pay off college loans.
3. Show my children the value of self wealth management.
Lender · CA · Member since 2018 · 635 posts · 393 votes
1y
Those are fantastic goals! It definitely helps scaling in real estate to have healthy cash reserves and a good understanding and respect for leverage. Market knowledge is critical as well as the ability to analyze and execute on a good deal. Wish you the best on your goals and hope you crush them!
Attorney · RI · Member since 2019 · 157 posts · 93 votes
1y
Hi Erik,
Those are great goals! I'd love to connect. I am a real estate attorney and investor in MA, RI, CT, and FL. We own a couple of multis and we also do some private lending.
@Erik Hess Those are amazing goals! Love that you're showing your children the potential of building wealth through real estate. I see that you're from Boston---I'm from NH. Is there a particular market you're trying to invest in?