Investor · Sunnyside, NY · Member since 2014 · 356 posts · 114 votes
It was a crappy day at work, working a job that is not what I want to do for the rest of my life... but then... The first rent check on my first rental unit deposited into my bank account today. And it suddenly seems possible that maybe one day I'll be able to quit my day job and do what I truly love.
Since my cash flow is $250 a month and I could live in my home town comfortably for $2,000 a month... I only need 7 more deals just like this one.
That's awesome Wendy, good for you. I know all to well about being in a job that's not what you want.
Wash rinse and repeat congrats on the cash flow :)
- I'm all set to buy #2 at the end of 2014. The goal is definitely more than 7 but 7 is my breakeven point for walking into my boss' office to say "I quit". My pension pay out will be enough for #8 and #9. Any additional cash flow will go towards #10, and onwards and upwards from there. I am 100% committed to my goal - my current job pays well and I live cheap so every cent I can spare is going towards REI.
I'm glad that you're looking at it this way. I know so many people that have one or two rental houses and they mention that they're happy with the rent coming in, but they aren't looking to buy more. I always ask them why they don't keep buying.