How long will it take for you to Retire?

Question

I saw this new area and decided to get it going.  I figure that I'll be able to retire somewhere around 10 years from the time I started investing in real estate.

How long do you think it will take you to retire, starting from the date you began investing?

Marisa R. · Answer

interesting thread

I retired 10 years ago from my day job, basically leveraging from my property investments

It look me 7 years but it was the fact that I jumped into booming markets that made a massive difference

Mix this with some small development projects..... this is like investing on steroids, speeds the process

I continue investing today and growing capital.

My goal is to continue to increase income streams and chase markets that are rising.

I did this in Atlanta and now jumping into the Detroit market which is now rising.

Finding those gems, ignore the noise, many will poo poo certain markets. Its about finding out what is happening on the ground and if inventory is low or shrinking and demand is high......BOOM

Happy investing everyone

Hard work Never Killed Anyone But Why Take a Chance

Shane Hacker · Answer

The last post in this forum was 11 years ago.. I was wondering if anyone who had posted actually met their goal of retiring or are getting close to retiring. Maybe you did it sooner than expected? I personally plan to retire, or quit my day job, in 7 years. I currently have no debt, we paid off the house a few months back, and have one paid off rental property that makes about 5k per year. I am 30 years old and my wife is 28. We are trying to do it without leverage, so it definitely won't be as fast as someone with an eye for interest.

Olie Wilkins · Answer

Ill be able to retire in a few years max.

But my first goal is not to retire but ti get Debt free.
With out my house note, car note, credit cards, and student loans, I think life will take on a whole new meaning.  Kind of like becoming a kid again only...with money.

I'm not investing in houses any more so all things being relative with my current Debts.  I would say 1-3 years.

My 2 sense

Mike Mitchell · Answer

Our idea of retirement as a society is to work hard for 40-50 years and then abruptly stop working and tinker around your house.  For me, it's the ability to yank my own chain and thereby do what I want to do.  One way to look at what you'll do in retirement is to observe what you do with a free day now.  I'm working on deals for myself while my buddies are watching sports etc..  Most re investors are very self-motivated it seems to me and aren't the type who want to stack up a bunch of cash so that they can sit and do nothing.  Boring! :protest:

Eric Medemar · Answer

I used to believe that I wanted to retire by the age of 40.  My idea of retirement is doing what you want, when you want and how you want.  Then I realized that by following through on my dreams of being a real estate investor, I was already retired at 30, I drive my corvette or harley to look at homes all summer, then relax at the pool with my wife when I want. I never have to get out of bed, but because I like what I do, I want to get out of bed to see what each day hold.

I am with Mike I am retired as I could want to be already.  Once you realize what your lifes passion is and then start doing it, each day is like being retired.

We are all only given a limited amount of time on this earth, so I sure as heck dont want to spend it wasting away at some job that I hate.

N/A N/A · Answer

I voted 15 yrs which I noticed most ppl did also.. Must seem like a comfortable range.  Anyways,  I'd love 15, realistically may be 20 but be great to push 10 or 5.  I think if investors invested their nest funds and relied on little to live own for few yrs while doing as many deals as possible, they may be able to live off the interest.  However, do we ever really retire?

Take Care..

Greg

Michael Rossi · Answer

I'm about as retired as I could survive right now.  Thanks to my rental business, I normally work about 3-4 hours per day, 4 days a week.  I spend the rest of my time riding my bicycle; riding my motorcycle; camping (during the spring/summer), and snowboarding (during the winter).  For me, that's about the perfect mix.

Mike

N/A N/A · Answer

Retirement is having the freedom/choice/opportunity to partake in the pastimes you desire to, whenever you desire to, for as long as you desire to. People often mistake retirement for old age or the day they stop working and degenerate mentally and then physically or many other things that are perceived as retirement. I can jump on a plane tomorrow and go for a month long holiday because I have set myself up for that, as an X generation member (I think that's we are referred to), that's what I consider retirement.

Deyl Kearin · Answer

I hope i never retire! this industry is way too fun. if you're doing something that you have to retire from, i wonder if you're truly doing your passion.

N/A N/A · Answer

Debt free.... yes...  retirement?  Realistically 10-15.

How long will it take for you to Retire?

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