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Updated over 6 years ago on . Most recent reply

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Jacob Graul
  • Altoona, AL
13
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30
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Light at the end of the tunnel?

Jacob Graul
  • Altoona, AL
Posted

I have been in this business for about 2 years and I'm just wondering when you guys started to seek the fruits of your labor. I only have 4 SFH and bring in about 2200 a month. All properties paid for free and clear. But I'm just wondering how long it took you all to reach FI

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,409
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

Financial independence is different for everyone. Some people want the bare minimum to live their life; others want enough cash flow to continue building wealth the rest of their life or for other pursuits.

Does your $2,200 include setting aside money for repairs, management, vacancy, etc?

I'm personally aiming for $20,000 a month. I only need $5,000 a month to maintain my lifestyle but I want $5,000 more for additional wealth-building opportunities or as a buffer and I want at least $10,000 a month for charity.

  • Nathan Gesner
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