The Entrepreneur Forum | Financial Freedom | Starting a Business | Motivation | Money | Success

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Join free.

Join over 80,000 entrepreneurs who have rejected the paradigm of mediocrity and said "NO!" to underpaid jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence.

Free registration at the forum removes this block.

37 years old with $1.6M in REIT holdings - seeking to grow

Rich Wood

Contributor
User Power
Value/Post Ratio
258%
Jun 17, 2018
31
80
Salt Lake City, UT
I've been told that the new magic financial freedom # is $10M. So given that I have some distance to go, as I'm at about $1.6M in holdings now. I'm shooting to be financially free by the time I'm 43.

In pursuit of this, I am seeking advice from professionals who may be there on how to diversify between my passive holdings (partial ownership in REITs with preferred returns), to active development, where I may get higher returns including the construction fees.

I am getting between 10 and 15% Cash on Cash right now, with several investments in hotels, mixed use and office in the Mid-West and Arizona.

In the next 5-10 years, I would like to pursue doing my own developments. I have 7 years of construction experience with my father as a general contractor and am finishing a course through Cornell in Real Estate Development

Is it worth it to do the development or just continue to invest excess cash from my current business in the passive private REIT's.
 
Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

Post New Topic

Please SEARCH before posting.
Please select the BEST category.

Post new topic

Guest post submissions offered HERE.

Latest Posts

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Ideas needing execution, more!

Join Fastlane Insiders.

Top