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Adam Haman
Pro Member
  • Rental Property Investor
  • Denver, CO
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"Retiring" at 33. Too early?

Adam Haman
Pro Member
  • Rental Property Investor
  • Denver, CO
Posted Jul 24 2014, 11:48

Good afternoon!

I'm a Realtor and RE investor here in Denver feeling burned out after a 5 year push. I've made decent incomes for the past 5 years (80-120k), and invested more than half of it each year in the best, newest rentals I could find. I'm considering "retiring" and doing something else.

I don't love being a Realtor; the hours in particular are difficult, I often don't feel like I can keep my mind from wandering to clients and pending deals, and I don't feel I've had domain over my own mind, or gotten away from work completely, in more than 3 years. I have 2 young kids that deserve better from me, and I want to give them my full attention.

We're established in a great home we remodeled in Denver with a $1300 mortgage. By the end of 2014 I should have monthly cash flows of about $4,500 after vacancy and expenses. This is roughly equivalent to our monthly cost of living, minus expensive vacations. I have 9 outstanding mortgages, including our principal residence. My wife does not work. As such, I think I could pursue a job with less stress, more coworkers, and more job satisfaction. Regardless of pay, I think we could make a run of it. Retirement should be taken care of with 8 investment properties fully paid off when I am 62, and increases in rent in the meantime will grow our monthly income with inflation.

What am I missing? Am I jumping the gun on this? Does anyone live happily on a similar monthly income? Has anyone "retired" and then regretted it? Is it difficult to get back in the game?

Thanks everyone for your input. How can I help you?

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