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I have $300,000 to invest; is early retirement on my horizon?

Living in Los Angeles, it only made sense to my parents to get me a commercial agent who would send me out for parts in commercials/magazine ads at the age of 5. Ultimately, I worked in the industry for 10 years and accumulated a tidy sum. I'm 28 years old now and have roughly $480,000 in investments: An IRA ($170,000), personal brokerage account ($32,000), and non-retirement accounts ($278,000). In two years, I expect having $300,000 to invest into an early retirement (about age 35). By that point, I'll be in control of a property my parents own and I'll be receiving $1,500 per month in rent from that property. My question is geared to the roughly $300,000 I'll have to invest; should I purchase a home and rent it? Is $300,000 enough to purchase multiple homes?

Retirement, Investing, IRAs, Real Estate
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May 2019

Hello,

Seems you have been doing well for yourself from an early age.  Especially considering your parents have owned and managed rental business, it’s best to ask them for honest opinions.  Which parents wouldn’t want to help their kids and share with them the best experience?  

Your $300k may go a long way in any other less expensive states, and that’s why you need to consult with your parents to learn if it’s best to buy outright or use rent to pay off the mortgage.  They will guide you on how to use leverage for rental and what interest you need to apply to give you the best ROI.  

Currently you have a pretty diversified portfolio with traditional investment in stocks and bonds and alternative investment in real estate.  Great job and keep up!

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May 2019