Updated 2 days ago on . Most recent reply
Portfolio Scaling/Long Term Goals
Hello everyone! I am new to real estate investing and have set the goal to have 120,000 in cash flow by 2035. I have $11,500 in investible assets and am going to continue saving at about $1,000/month. My current Investment Thesis is to focus on my local markets, Kalamazoo/Portage MI, and Battle creek MI while starting some property management for a local investor and continue my w-2 job which only pays $40,000/year. I'm currently interested in House Flips and Rentals for SFR or Multi Family homes. Since I am working with low w-2 income my goal is to focus on value add and BRRRR to build equity in the next five years to scale. After I "prove my salt" locally I'd like to target the same types of deals long distance as well. I am reaching out to see if anyone has had success scaling in a similar way and if they have any advice/wisdom to share!