How Real Estate Has Changed My Life? How about you?
Rental Property Investor · Tupelo, MS · Member since 2018 · 132 posts · 61 votes
I used to be a full time teacher and school principal. That meant giving every bit of my days to my job. Before real estate, I got paid on the 1st and 15th of each month. I was even lucky enough to have a wife who works who also got paid on the 1st and 15th of each month. This went on for about 10 years. Then I got my first rental, and I more money on the 1st of the month each month. Then I got another rental.... and I got more money on the first of the month. Then I added more rentals, and sometimes people paid late, but I got money on the first of the month. Now I've got a portfolio of rentals, and rent literally comes in every business day of the month... it's the most life changing thing I've ever experienced. Here's how real estate has changed my life.
1) I receive checks at all different times of the month.
2) I have more income coming in than ever before.
3) I pay less of a tax rate than I ever have
4) My net worth goes up literally everyday.
5) I spend more time with my kids than I ever have...
6) I get to give to things that I'm passionate about
7) I love what I do everyday.
This is not a post to brag, It is a post to motivate..... How has real estate changed your life?
I used to be a full time teacher and school principal. That meant giving every bit of my days to my job. Before real estate, I got paid on the 1st and 15th of each month. I was even lucky enough to have a wife who works who also got paid on the 1st and 15th of each month. This went on for about 10 years. Then I got my first rental, and I more money on the 1st of the month each month. Then I got another rental.... and I got more money on the first of the month. Then I added more rentals, and sometimes people paid late, but I got money on the first of the month. Now I've got a portfolio of rentals, and rent literally comes in every business day of the month... it's the most life changing thing I've ever experienced. Here's how real estate has changed my life.
1) I receive checks at all different times of the month.
2) I have more income coming in than ever before.
3) I pay less of a tax rate than I ever have
4) My net worth goes up literally everyday.
5) I spend more time with my kids than I ever have...
6) I get to give to things that I'm passionate about
7) I love what I do everyday.
This is not a post to brag, It is a post to motivate..... How has real estate changed your life?
Great story, and no your post isn’t bragging at all. It’s the result of years of work and saving it however else you bought the rentals.
I am still in the building phase of my portfolio. But I can’t wait to see the results of my hard work. Rental properties are typically (in my opinion) the fast way to get rich. But the end result is wealth. My goal at the end for me is to own as many rentals as I can purchase in a 10 year period.
I used to be a full time teacher and school principal. That meant giving every bit of my days to my job. Before real estate, I got paid on the 1st and 15th of each month. I was even lucky enough to have a wife who works who also got paid on the 1st and 15th of each month. This went on for about 10 years. Then I got my first rental, and I more money on the 1st of the month each month. Then I got another rental.... and I got more money on the first of the month. Then I added more rentals, and sometimes people paid late, but I got money on the first of the month. Now I've got a portfolio of rentals, and rent literally comes in every business day of the month... it's the most life changing thing I've ever experienced. Here's how real estate has changed my life.
1) I receive checks at all different times of the month.
2) I have more income coming in than ever before.
3) I pay less of a tax rate than I ever have
4) My net worth goes up literally everyday.
5) I spend more time with my kids than I ever have...
6) I get to give to things that I'm passionate about
7) I love what I do everyday.
This is not a post to brag, It is a post to motivate..... How has real estate changed your life?
This is really encouraging, Jonathan. It's great to hear that real estate investing has been so transformative for you.
My "main job" is in the travel industry, and that's going about as well as you'd expect at the moment. Having recently closed on my first property (a 5-unit, four of which I'm renting and one of which I'm occupying) means both drastically reducing my cost of living at a time of economic uncertainty (the rent from the four rental units covers debt service and operating expenses) as well as projects to dive into while work (and so much else) is slow.
Long road ahead to get to where I want to, but I consider myself very, very fortunate to have started when I did.