How did you achieve "financial freedom"?

[Johnathan Alesso]

I'm new-ish to BP and look forward to connecting with all of you!

I own multiple rental properties that currently generate $1,500/month in cash flow after all expenses are accounted.  I am quite frugal and try to keep my non-housing expenses to around $2,000/month.  I feel like I am getting close to that magic "financial freedom" mark.  I plan to begin "house hacking" within the next year. 

That said, I am wondering how the financially free among us reached this point.  How long did it take, and were you able to quit your day job?  Did you maintain a separate retirement account?

Thanks for your thoughts!

[Phillip Mazur]

On my way to that "freedom" myself! I currently have 13 units and have a positive net cash flow of around $6k. I too am frugal but seem to find a good purchase every 6-8 months. I will jump on every make-sense opportunity that comes about as long as I have the cash to purchase. So far it has taken me about 3 years to get to this point. My goal is $10k net per month before I start thinking about retirement (quitting my day job). I would strongly suggest building an inventory of 4 unit buildings as they are under one mortgage and liabilities are much lower is you happen to have a vacancy. My inventory consists of 3 4unit buildings and a single family that was once my primary. So far so good! Best of luck to you and I hope to have helped in some way!