Help me out here. Today is my first week of officially not having a job. Yay! I’ve admitted recently that I got a bit nervous landing the plane, so this question might just be part of that process, or maybe FOMO in the midst of a crazy market.
I can’t stop thinking I should add some kind of passive real estate to my portfolio (which is all 60/40 passive index). I was planning to eventually buy a house but for a number of reasons that’s looking like a future play, so I’m sitting on 250k in cash.
My career was intense and I was always on the road so I never got into the RE game. But now I have time to study and think about getting a SFH rental out of state. I would definitely hire a manager if I did that because I don’t really want to be a landlord on call.
There are other options like Fundrise or maybe a warehouse, etc…but it all seems way more complicated than my lazy portfolio.
So I guess my question is: am I barking up the wrong tree at this stage in the game? Or are there good reasons to add RE now (like at least having my own place to live if the world goes to hell)? Or maybe I am just tweaking because I’m fresh off the boat?
Appreciate your thoughts!
I can’t stop thinking I should add some kind of passive real estate to my portfolio (which is all 60/40 passive index). I was planning to eventually buy a house but for a number of reasons that’s looking like a future play, so I’m sitting on 250k in cash.
My career was intense and I was always on the road so I never got into the RE game. But now I have time to study and think about getting a SFH rental out of state. I would definitely hire a manager if I did that because I don’t really want to be a landlord on call.
There are other options like Fundrise or maybe a warehouse, etc…but it all seems way more complicated than my lazy portfolio.
So I guess my question is: am I barking up the wrong tree at this stage in the game? Or are there good reasons to add RE now (like at least having my own place to live if the world goes to hell)? Or maybe I am just tweaking because I’m fresh off the boat?
Appreciate your thoughts!