I want to retire early from office job to live off somewhat meager investment money. How do I know how much is enough? Just myself. I buy mostly used items, including my clothes. I do want to travel mostly in summers. I’m not looking for a fancy home. I just want to see the world before I kick it and not work to death like everyone else in the USA with almost no time off to travel. I’m done with that soon hopefully. How do I figure any of this out? I’ve never been a landlord here even, and I don’t speak Spanish. Willing to learn when I move. Do I rent for myself and only buy for investment income? How do I find the right mgmt co? Can I make enough if I hire outside help? I can’t do leasing in Spanish.
To get into real estate for rental income, here are some basic steps:
- Determine your goals and investment strategy.
- Research the real estate market in your target areas.
- Understand your financing options and find the best terms.
- Identify potential investment properties.
- Analyze the financials to ensure the investment makes sense.
- Plan for property management and maintenance.
It's important to do your due diligence and make informed decisions before investing in real estate. Consider working with professionals such as a real estate agent or financial advisor to help guide you through the process.
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