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Julie A.
  • Rental Property Investor
  • California
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ROI measured in time?

Julie A.
  • Rental Property Investor
  • California
Posted May 30 2022, 14:20

When I was 19, I kept a little black book of random quotes I ran across. Sometimes I even quoted myself. One of them was "wealth should be measured in time, not money." I may have been inspired by Robert Kiyosaki, because I was reading all his books at the time.  The next year, I spent my honeymoon with my newlywed husband at a foreclosure seminar and a few months later, we attended a 5-day real estate bootcamp run by a guru, with all the high-pressure tactics you'd expect. We were even conned into taking the instructors out to dinner on our dime. I was just starting my career and the realities of a daily commute and working full time sunk in, which probably saved me from making a series of colossal mistakes based on bad advice. We never made our first deal, and lost about $7,000 on all the trainings and materials.

Fast forward 20+ years and I'm a single mom with a successful career beyond my wildest dreams. Now I'm thinking -- my 19-year-old self did have some good ideas -- because what I want more than anything is time. Time for being a mom, for being with my parents before they get too old, my siblings and their families, close friends, travel, being outdoors and many varied interests.  If played as a long term strategy, rental property investing seems to be a vehicle for becoming time wealthy.

I'm wondering ... how many of you have not only been able to live off of your rental income, but now have an abundance of time that you spend on the things you value most? Are you happier because of it?

San Jose, California

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Dwayne Poster
  • Investor
  • Van Isle
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Dwayne Poster
  • Investor
  • Van Isle
Replied May 30 2022, 14:58
Quote from @Julie A.:


I'm wondering ... how many of you have not only been able to live off of your rental income, but now have an abundance of time that you spend on the things you value most? Are you happier because of it?


 As you may have learnt Julie, Robert had it wrong, wealth is a product of time and money.  I have plenty of time in my lifestyle to do what I enjoy most, exposing and capitalizing on realestate opportunities. The equity growth that follows is just a consequence of that. I will admit that I have too many other hobbies though.

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Julie A.
  • Rental Property Investor
  • California
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Julie A.
  • Rental Property Investor
  • California
Replied May 30 2022, 15:05

@Dwayne Poster what I left unsaid is that I already know how to get more time -- quit my job! Of course, what I actually want is more time WITH my current lifestyle paid for, which of course takes money, in the form of passive income. 

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Ali Boone
  • Real Estate Coach
  • Venice Beach, CA
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Ali Boone
  • Real Estate Coach
  • Venice Beach, CA
Replied Jun 2 2022, 16:41
Yesssss. So much happier! I don't live off just my rental income, but I've structured my work so that I can work from where I want, when I want, and don't work when I don't want to. It's absolutely game-changing.

I absolutely love your story. Not the part where you lost money, but the whole story of everything. I'm a big believer in--if someone ever wanted something when they were younger, there was a reason for it. Life happens, money gets lost, kids get born, etc., but I think after those are dealt with, it's always worth revisiting.

What's the worst case? You dive in, grab one rental property, and call it a day? You won't know until you try!

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Justin Windham
  • Solo 401k provider
  • Denver & Hilton Head
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Justin Windham
  • Solo 401k provider
  • Denver & Hilton Head
Replied Jun 3 2022, 05:02

@Julie A.

It’s great to have you on the forums!

This site is great if you are looking to invest into real estate.

There are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides


I really like the alerts feature that can quickly guide you to current topics that might interest you: http://www.biggerpockets.com/alerts

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Julie A.
  • Rental Property Investor
  • California
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Julie A.
  • Rental Property Investor
  • California
Replied Jun 3 2022, 07:57

@Ali Boone what a cool story! Now that you have a portable business and some rental income, what are your aspirations? Are you happy to work while having some cashflow, or are you building toward the ability to cover your lifestyle in rental cashflow?

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Ali Boone
  • Real Estate Coach
  • Venice Beach, CA
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Ali Boone
  • Real Estate Coach
  • Venice Beach, CA
Replied Jun 8 2022, 15:45
Quote from @Julie A.:

@Ali Boone what a cool story! Now that you have a portable business and some rental income, what are your aspirations? Are you happy to work while having some cashflow, or are you building toward the ability to cover your lifestyle in rental cashflow?


Right now happy to be working! I can do it when I want, from where I want, etc. so my lifestyle is still in my power. Having fun with it, but eventually I'll look to cover my lifestyle with cash flow, in whatever format it may come in.