Chicago Investor: 25 Years Old & 25 Properties Cash Flow Properties
Read some great experiences from folks so I thought I would share Ed's Story of what is possible at a young age with the right strategy, passion & focus:
Investor: Ed Boutros
Age: 24
Real Estate Investing Experience: 24 Months
Education: Engineer
Goal: 25 Properties By 25 Year Old. All paid off by 30 years old.
Key Strategy Used: Buy - Rehab - Refinance using 100% Money Recycling Formula
When Ed started, like most people because of his age, he only had $ 20k from this first job saved up so. How does he accumulate good quality properties with so little money?
Most would gravitate to owner finance deals or sandwich lease options etc. Instead he has taken our 2-5-7 Cash Flow For Life model and EXPLODED his investing strategy.
At this point in the Chicago Suburbs he has already accumulated 13 cash flow properties each with a minimum of $ 400 per month in positive net cash flow. On top of that, there's over 20% equity in each deal to start with.
Within 14 months of starting his real estate investing he was able to walk away from his job.
Now just 12 more to go. At 23 he is at 400*13 = $ 5200/Month.
Not only is he accumulating properties like mad but now he is adding flips as well.
Well onto his goal of 25 cash flow deals by 25 years old.
GOAL ALL PAID OFF BY 30.
So What Do You Guys Think?