captain picard
Confused about dryer sheets
- Joined
- Nov 17, 2016
- Messages
- 6
I'm not sure I qualify as young, but I am a dreamer so I thought it best to post in this category. I am looking for a new career or business opportunity. I'd welcome any advice or opinions on the matter.
A little background: I am 35 years old and living in the rust belt (Cleveland). I bought a crappy little house at age 26 for $15,000 in a transitional neighborhood and have managed to parlay that initial investment into a real estate portfolio worth approximately $1 million with a gross annual rental revenue of approximately $109k. My total outstanding debt on this portfolio is approximately $105K, currently being paid back at an interest rate of 6% (it's a private loan, which is why the rate is a bit high). I'm interested in finding a new job or business opportunity to fill my time, as I only have to spend 10-15 hours per week managing my real estate. Most of my net worth is tied up in the portfolio, but I do have approximately $90k in cash that I could spend on anything I want be it stocks, bonds, real estate, franchise, etc. I'd thought about using my cash reserves to simply wipe out the rest of my debt, but I'm also considering starting a new job/career/business instead if it will result in a decent addition to my annual earnings.
Any thoughts or suggestions? I'm happy to provide more info as needed.
A little background: I am 35 years old and living in the rust belt (Cleveland). I bought a crappy little house at age 26 for $15,000 in a transitional neighborhood and have managed to parlay that initial investment into a real estate portfolio worth approximately $1 million with a gross annual rental revenue of approximately $109k. My total outstanding debt on this portfolio is approximately $105K, currently being paid back at an interest rate of 6% (it's a private loan, which is why the rate is a bit high). I'm interested in finding a new job or business opportunity to fill my time, as I only have to spend 10-15 hours per week managing my real estate. Most of my net worth is tied up in the portfolio, but I do have approximately $90k in cash that I could spend on anything I want be it stocks, bonds, real estate, franchise, etc. I'd thought about using my cash reserves to simply wipe out the rest of my debt, but I'm also considering starting a new job/career/business instead if it will result in a decent addition to my annual earnings.
Any thoughts or suggestions? I'm happy to provide more info as needed.