So if you’re looking to get into real estate investing, something that I would recommend as a tip. Right now, everyone has kind of the shiny objects syndrome. What they want to do is they want to find the deal that everybody else is talking about. The 2 to 4 unit, mom and pop multifamily is the way to go. Well, you know, that’s not always the case for you personally as an investor. You have to look at your goals, what it is that you want, what it is that you need to do to get to where you need to be.
A lot of the times to be a really successful investor it’s not the fact that it’s very exciting. It’s the fact that it’s very boring. What I mean by that is making money as an investor can look very boring because we want to go after the deals that make sense. We don’t need to be all creative and do all of these crazy out of the box things. You can increase your volume and decrease the amount
of properties that you try to go after and look at only deals that are coming to you. It actually makes sense for you as an investor and people are going to tell you multifamily all the way because it mitigates risk, it increases your ability to scale. But what if your goal is just to have 3 to $4000 a month of passive income? Why not just buy 2 homes and have those homes paid off in the next 30 years? If you’re 30 years old today, in 30 years you will be 60. Average rents even here in Bakersfield, California, are going to be 15, 1600 dollars a month for those homes. Now you’re getting $3,200 a month in income at the age of 60. And if that’s your goal, make it easy on yourself. Go blow the rest of your money if you want. Make sure you can cover yourself for your retirement. Just a thought from one of us as an investor, if you need any real estate property management help, let us know. We are always here for you. Like and follow for more. Thank you.
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