Ok here we go.
The Goal
Short term: Buy, rehab, and cash flow two multi family properties by the end of 2018, ideally one being a four-plex to add another $1000/month to my income.
Long term: Accumulate cash flow and reinvest it along with my paycheck savings to reach financial freedom.
Its going to be tricky since I’m a digital nomad and traveling. This means I need to build a team on the ground while abroad.
Yet because I’m not local to any place...
Step One is choose where to invest.
This means choose the state, city, neighborhood, street, etc.
I want to buy somewhere...
Finding a “sweet spot” with all/most of these will take research! But I’m traveling so no huge rush.
I’ll post again when I’ve narrowed it down to a few states and cities.
The Goal
Short term: Buy, rehab, and cash flow two multi family properties by the end of 2018, ideally one being a four-plex to add another $1000/month to my income.
Long term: Accumulate cash flow and reinvest it along with my paycheck savings to reach financial freedom.
Its going to be tricky since I’m a digital nomad and traveling. This means I need to build a team on the ground while abroad.
Yet because I’m not local to any place...
Step One is choose where to invest.
This means choose the state, city, neighborhood, street, etc.
I want to buy somewhere...
- …with landlord friendly laws (already got list of ~10 states)
- …I would consider living, and maybe house-hack the first year. Which means…
- …with good public transportation and closish to an airport (I’m a digital nomad remember)
- …I can afford two properties.
- …there is a great property management company. (They say this makes a huge the difference.)
Finding a “sweet spot” with all/most of these will take research! But I’m traveling so no huge rush.
I’ll post again when I’ve narrowed it down to a few states and cities.
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