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I just finished the millionaire Fastlane , and was drawn most to the mention of Real Estate even though I have no experience in this area, other than owning my own home.
In the book, Real Estate is described as fast lane 1.0 and certainly has many different opportunities available across that broad category.
I’m interested in starting a real estate, but I think my process might appear to be similar to those on the slow lane, and how problematic that might be, even if I’m willing to pivot in the future after I gain better education and experience in real estate.
I’m starting this journey older than I have read about on the forum, my current W-2 income is necessary to sustain a family, so I’ll be putting in many hours in the evenings, also able to invest some money, previously saved to help ignite this new Fastlane journey from day one.
Thought of participating in a quality real estate syndication as an LP appears to have many advantages, in addition to passive income with some initial, cash flow, mini offer monthly calls to discuss their investment and status, which appears to be a great way to gain some knowledge and education.
As I am not handy, the thought of a single or multi family rental purchase, has been a bit hesitant, knowing I would likely be outsourcing much of the property management. Though, if I was able to find a partner at a local meet up or mastermind group, I think this could be an ideal path, especially as I have to offer someone interested in partnering (ideally someone willing to also be a mentor). However, I’m willing to go it alone, if it’s putting me on the correct path.
Overall, I realize it will take some time for a Real Estate path to snowball, and I’m certainly able to continue reinvesting all monthly or quarterly gains back into a real estate portfolio.
But I’m hoping to obtain some helpful direction from the smart people on this forum, as I want to make sure, I’m spending my time wisely, and going down a correct path, at least initially.
I will come any in all comments or advice. Thank you in advance for helping.
In the book, Real Estate is described as fast lane 1.0 and certainly has many different opportunities available across that broad category.
I’m interested in starting a real estate, but I think my process might appear to be similar to those on the slow lane, and how problematic that might be, even if I’m willing to pivot in the future after I gain better education and experience in real estate.
I’m starting this journey older than I have read about on the forum, my current W-2 income is necessary to sustain a family, so I’ll be putting in many hours in the evenings, also able to invest some money, previously saved to help ignite this new Fastlane journey from day one.
Thought of participating in a quality real estate syndication as an LP appears to have many advantages, in addition to passive income with some initial, cash flow, mini offer monthly calls to discuss their investment and status, which appears to be a great way to gain some knowledge and education.
As I am not handy, the thought of a single or multi family rental purchase, has been a bit hesitant, knowing I would likely be outsourcing much of the property management. Though, if I was able to find a partner at a local meet up or mastermind group, I think this could be an ideal path, especially as I have to offer someone interested in partnering (ideally someone willing to also be a mentor). However, I’m willing to go it alone, if it’s putting me on the correct path.
Overall, I realize it will take some time for a Real Estate path to snowball, and I’m certainly able to continue reinvesting all monthly or quarterly gains back into a real estate portfolio.
But I’m hoping to obtain some helpful direction from the smart people on this forum, as I want to make sure, I’m spending my time wisely, and going down a correct path, at least initially.
I will come any in all comments or advice. Thank you in advance for helping.
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