First money is not everything and never tell folks what you have. You are going to get flooded, my friend. My humorous side says come to play poker with me texas holdem. World Series Poker coming up here locally. My business side says change this add. Instead of it should have said how to make a solid 10 % return in this business the best ways to achieve this. Promise I am one of the dumb folks here so take what I say lightly.
Okay to late but on the serious side. If I had to talk to some serious folks.
I would follow along and see who are the folks helping folks daily here. There are some very smart folks on this site. These are the folks who don't need money but are the ones I would want to be working with. So many ways in this business but do you really want another business. Flipping, wholesaling that is more of a job. Syndications are what I would think or lend locally until you understand the business more. If I was to get in the lending business or want to know more. Type in Lending and you should see certain names come up as they can give more advice then most folks. I would CC one person but again not to wast his time or yours.
Alex
Originally posted by
@Uzi Pablo:
Hello, I'm very new to Bigger Pockets, but I've had this forum bookmarked forever until I really needed it.
I sold one of my companies some time ago and now have a regular stream of ~1 million per month to invest. So far I'm a very aggressive entrepreneur, but I don't know the first thing about real estate, and that's where I want to divert a lot of my income to supplement my standard investment strategy of stocks, bonds, other companies, etc. I'm thinking maybe 10-30% of that into real estate to start.
To be honest, I know absolutely nothing about real estate. So I have started in the Education section in the beginners guide. I was also considering buying the Bigger Pockets book on real estate investing.
There's so many areas of interest though, that I'm wondering which area(s) one might suggest I focus on first, just so I'm on the right track from the beginning. From there I can study all day long until it starts to click.
My ultimate goal is (fairly) hands off income @ ideally around 10% return. More would be incredible. I'm not sure if that's possible while using a management company to manage properties, so if that's not reasonable I'd love to know what is. I have no problem hustling and doing work, but I'm really trying to find something that doesn't require an immense amount of time per day/week. If that also isn't possible I'd love to know what is a more reasonable goal. In the back of my mind I think "what if I had 10 or 20 properties being managed by a company and I just collect income from them" type of deal. Obviously there's a lot more to it, but that's sort of the direction I was thinking.
I don't know if wholesaling or flipping is a good strategy for me either (still reading about that, haven't gotten there yet). Any insight would be appreciated where to start.
Thanks to you all.
- U
