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Once again THANK YOU so much for taking the time to comments, much appreciated.
I certainly will take all on board and work out a few scenarios to see what works best for our situation. I also like the idea of doing JV so I can learn from experience investor & leverage of their knowledge & time which I lack off at the moment.
Nevertheless, I will continue to get more education & do more reading while learning through JV project. Any suggestions on books, website & home study course are most welcomed.
Thanks for your comments so far. I now get a real sense of community! hahaha
I just want to get an idea how you guys would have done if you were in my position. I do realise that it is a pretty neat situation to be in and that could sometime stop you from doing anything…I remember Steve Mcknight said once that the biggest enemy of a great life is a good life and I think it's so true in our case.
I have been reading Steve's book & Rick Otton's book because their creative investing strategies and advocate for positive cashflow make sense to me. I do realise that it is a more agressive/active style of investing which will require for time & commitment than buy & hold strategy. However I am time poor at the moment as my baby girl is my top priority, so I am just not sure if I can apply those strategies (wrap & lease option) effectively and of course the steep learning I will have to go through to understand the how to etc.
Leaving money in the bank now at 4.35% give me $18,705 per year basically risk free which is what my part time 2 days per week would be if I go back to work. So I basically need to at least double that return to meet my 6-12 months goal which is realistic I believe with wrap/lease option. Any thoughts?
