Hit $200K in Cash Flow in 2024
January marks the 13th anniversary of the purchase of my first rental property. Since I learned a lot from this community, I wanted to share my success with you. In 2024, I hit $200k in cash flow from my properties. If you're interested in seeing how that all breaks down from an income and expense standpoint, I created this Sankey diagram to share with you:
As for me, I'm planning to leave my w-2 job and take a little career break before deciding what's next for me. Best of luck to all you out there.
Most Popular Reply
Nice work and thanks for sharing David!! Love the visual!!
A few things that newer investors should note:
- it took 13 years to get there, you have to be patient
- rents are high at about $1,750, so probably a quality neighborhood
- looks like that is after vacancies, probably low turnover?
- very low remaining mortgage balance!! Grow wide first, then deep (pay off)
- your little expenses add up fast