Updated almost 6 years ago on . Most recent reply
New member! - California - Ready to learn from the best !
Hello BP!
I'm excited to be a new member and beginning my journey of RE investment!
MY HISTORY: I recently got out of the military where I was an F-18 pilot for 10 years. I am currently a contract pilot working primarily in California. I have one house that I rent out here in California. I purchased it in 2012 with a VA loan. Other than that I have no other real estate experience but I am looking to change that.
MY INITIAL GOALS IN REAL ESTATE: I would like to be able to have a steady truly passive income ($250K/year plus) within 5 years that require not that much work on a day to day basis.....meaning that my life is not consumed by it. From my cursory feeling I believe this is done with larger deals like multi family units and hotels, so I would like to move that direction as soon as I'm able. I want to build a roadmap over the course of the next couple months to be able to achieve this and looking to use this site to educate myself on how to do that from all you experienced investors out there!
By OCT of next year I project to have $100K of cash ready to move forward with my first smart investment. I'm interested in partnering with an experienced investor for this!
Let the journey begin!
Charles