Do you have a RE roadmap to financial freedom?

Question

How many houses will it take to get to financial freedom? How did you come up with your goal? What assumptions did you use?

Zosia Madden · Answer

Hey! This all depends on what your financial freedom number is. Once you have your number then you can back track your math taking into account your cash flows from your first property and then decide how many you will need to get to your financial freedom number. This varies from person to person and market to market.

Carlos Ptriawan · Answer

my financial freedom roadmap is when I have $400k salary from big fAAnG.This is easier to do because I just need to learn to copy and paste some code rather than buy and sell house continously.

Jay Hinrichs · Answer

one thing is certain its a long and winding road and varies a ton by where you live where you invest you day job income to create funds for equity. the luck of the draw when it comes to tenants etc. its far and few between that investor get anywhere near 100 SFRs .. but i ahve seen many get to 10 to 20 and if you can do that with very nice B and B plus props you will get wealthy not on cash flow but on apprecation.

Daniel Hyman · Answer

@Maranda Tucker

There are many variables here and the roadmap will depend on your investment strategy.

For example, if you are interested in long term rentals and you are looking for $180k annual net income, you'll need 100 units averaging $150 per month of cash flow. All of those are variables that you can plug in for your situation.

Do you have a RE roadmap to financial freedom?

Do you have a RE roadmap to financial freedom?

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