Bluemoon06 - I am amused by your question. I do know why I am doing this, I do have a timeframe. because no one lives forever. So I ultimately have to get out at some point.
I am just solidfying my plans for the next 10 years while a 20 year plan is very far-reaching, I do have a general idea in what direction I want to take it in.
1st 10 years - multi-unit properties within America
2nd 10 years - multi-unit properties within America and expansion into overseas properties.
The overseas properties may be a bit out of reach for REI club so that is why I am focusing on my questions to within American where I can maximize my information within REI Club.
As far as monthly expenses versus income, my current income exceeds my expenses, I have no debt to speak of. I do want to increase my monthly income for a number of reasons, some of which are listed as follow,
Contribute to the community
Freedom from the employee lifestyle
More time to focus on my activities which includes real estate.
Hopefully that answers your question Bluemoon06 because your response did not answer mine.
Realestateexpert2007 - Why would I want to separate my personal assets from rental assets?
Expansion opportunities which may require additional investors
Did Donald Trump need an attorney at some point?
It’s America - the land of the most lawsuits in the world.
Reading LoriK’s reply about researching jobs and its relationship to housing,
York County is a growing area feeding off the rise in employment in the metro Baltimore region which is encouraging long-distance commuters for cheaper housing. As a result of this, it has increased opprtunities in the county. I am just not sure what yet.
Does anyone have recommendations for resources where I can get this information?