Hi all,
I'm new to the forum, but been interested in finance for awhile.
I'm extremely blessed to have a good financial situation with a steady job, well over 6 figures in retirement savings, and at least 2+ years of emergency funds in the bank (I'm 37). I inherited a property in the Bay Area that I currently have under contract to sell (selling due to family reasons). I'm looking to buy a medium sized multifamily property (10-20 units) in the area I now live, Denver, or thinking about doing a NNN deal out of state. I would hire a property manager for the multifamily property, and obviously not have too much management responsibility with the NNN deal.
I wanted to see if any other members who have done either type of deal, or both, might have some sage advice on why they choose one vs. the other and how it has turned out in the long run. I don't need the money from these deals to live on and honestly either one would probably get me very close to FI, but I have two young children and I want to put away enough for their college fund in a 529 plan. Thanks upfront for all your advice!
I'm new to the forum, but been interested in finance for awhile.
I'm extremely blessed to have a good financial situation with a steady job, well over 6 figures in retirement savings, and at least 2+ years of emergency funds in the bank (I'm 37). I inherited a property in the Bay Area that I currently have under contract to sell (selling due to family reasons). I'm looking to buy a medium sized multifamily property (10-20 units) in the area I now live, Denver, or thinking about doing a NNN deal out of state. I would hire a property manager for the multifamily property, and obviously not have too much management responsibility with the NNN deal.
I wanted to see if any other members who have done either type of deal, or both, might have some sage advice on why they choose one vs. the other and how it has turned out in the long run. I don't need the money from these deals to live on and honestly either one would probably get me very close to FI, but I have two young children and I want to put away enough for their college fund in a 529 plan. Thanks upfront for all your advice!
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