Expert Info

Posted by jenfromzenn
on 15 Jun 2023

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. 

magentalow on 20 Jun 2023 - 04:22

To get into real estate for rental income, here are some basic steps:

  1. Determine your goals and investment strategy.
  2. Research the real estate market in your target areas.
  3. Understand your financing options and find the best terms.
  4. Identify potential investment properties.
  5. Analyze the financials to ensure the investment makes sense.
  6. 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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