Hi All,
I'm looking at getting into real estate investing. For those who are experienced, I'd LOVE some perspective and advice if you are so willing.
Purpose:
1) I want to confidently maintain my standard of living post-retirement.
2) While I am currently saving at a pace to accomplish #1, I want to put my non-retirement savings/investments to work so I can increase my current standard of living without impacting my post-retirement living.
i.e. I want to spend more money now without hurting my retirement, and I believe I can do that by putting my money to work in a way that generates either current (more cash in means more cash out with no net change) or future cash flow (more cash out now, less saved for retirement, but say an apartment building paid off that is generating post-retirement cash in to compensate).
Financial Summary:
100k in retirement savings
6-month emergency fund in cash
125k invested in stock <--- I'm considering moving this to real-estate
Questions:
1) Does it make sense to move some/all of the 125k to real estate, given my purpose?
2) Would the best real estate move be in a single family home, duplex, or apartment building?
3) Should the money be focused on one property (more down, less financed) or spread across multiple properties (each property has less down, more financed)?
4) What should a general expectation be for the cash flow?
4a) immediate cash flow with delayed pay-off date
4b) break-even cash flow with moderate pay-off date
4c) negative cash flow with early pay-off date
Thanks so much for your time and thoughts!!
I'm looking at getting into real estate investing. For those who are experienced, I'd LOVE some perspective and advice if you are so willing.
Purpose:
1) I want to confidently maintain my standard of living post-retirement.
2) While I am currently saving at a pace to accomplish #1, I want to put my non-retirement savings/investments to work so I can increase my current standard of living without impacting my post-retirement living.
i.e. I want to spend more money now without hurting my retirement, and I believe I can do that by putting my money to work in a way that generates either current (more cash in means more cash out with no net change) or future cash flow (more cash out now, less saved for retirement, but say an apartment building paid off that is generating post-retirement cash in to compensate).
Financial Summary:
100k in retirement savings
6-month emergency fund in cash
125k invested in stock <--- I'm considering moving this to real-estate
Questions:
1) Does it make sense to move some/all of the 125k to real estate, given my purpose?
2) Would the best real estate move be in a single family home, duplex, or apartment building?
3) Should the money be focused on one property (more down, less financed) or spread across multiple properties (each property has less down, more financed)?
4) What should a general expectation be for the cash flow?
4a) immediate cash flow with delayed pay-off date
4b) break-even cash flow with moderate pay-off date
4c) negative cash flow with early pay-off date
Thanks so much for your time and thoughts!!
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