OK here is where I am at I have 5 properties inc my residence my whole goal was how to live for free. 2 of the properties in Salt Lake City I converted into duplexes and cash flow $1100 on one and $1000 on the other the other rentals are sfr's and cash flow 400 on each and the last property I occupy the payment on the house I occupy is $1000 and to make my long story short I have accomplished the way to live for free and have assets...I have 300k in equity ...so the question is where do I go from here and how should I do it thanks .
It sounds like the next step is to use the equity to buy more cash-flow rentals, as long as doing so can sustain some positive cash flow from the current rentals.
@Peter Guerra you need to get clear on your goals. Everyone will have different opinions. For example, you may want to live for free, be comfortable, and work a job for extra spending money. Or you may want to live for free, challenge yourself to expand your real estate business, buy more properties, quit working for others, dive into investing full time, and generate more cash flow to have extra spending/investing money. Figure out what you want, truly believe in the why behind it, and you'll be successful. You've got a great foundation to do anything you want going forward!
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