Hi, my name is Nate and I am 28 years old. I currently have a great paying job that pays between 100k-150k dependent on overtime and have saved about 500k . Roughly 200k in a Roth 401k/IRA and 300k in savings account. I do have a mortgage 175K and no other debt.
Right now I am actively looking to purchase a multifamily or commercial investment property for passive income. It has been tough looking for the right property that fits my needs but am willing to wait for the right property. Using some of the FI calculators if I was to just invest the money in the stock market with average returns 6-7% I could be FI in 5-10 years. Should I keep waiting for the right property or put my money to work right now and just let it ride in an index fund.
Thank you for reading and your thoughts!
Right now I am actively looking to purchase a multifamily or commercial investment property for passive income. It has been tough looking for the right property that fits my needs but am willing to wait for the right property. Using some of the FI calculators if I was to just invest the money in the stock market with average returns 6-7% I could be FI in 5-10 years. Should I keep waiting for the right property or put my money to work right now and just let it ride in an index fund.
Thank you for reading and your thoughts!