Updated 10 months ago on . Most recent reply
New and eager to learn how to start and scale a RE portfolio
I will keep this very short and sweet. I am a 37 year old high school basketball coach that is not very happy with where I am financially and am seeking a way out of living paycheck to paycheck. I have listened to the BiggerPockets podcast for sometime now but have never taken any action, hoping to change that very soon. I am very new and am open to any and all suggestions/help.
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#2 Starting Out Contributor
- Flipper/Rehabber
- Pittsburgh
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#2 Starting Out Contributor
- Flipper/Rehabber
- Pittsburgh
can you house hack?
i wish i had better news for you but it's probably not feasible in the short term to replace your W2 income with rental income. on a recent podcast Dave and Henry Washington talked about 10-15 years being a potential timeframe. high interest rates have hurt cash flow and long term rentals are still a great investment... they're just not going to throw off rental income in the first few years of ownership.