Updated about 7 years ago on . Most recent reply
My first year in real estate
On July 28th, 2017 I bought my first rental property. I bought a duplex and my wife and son lived in one side and rented out the other (househacking). My goal for the first year in real estate was to get two doors and by buying a duplex, I had already met my goal. It’s not even been a year yet and I have bought two more rental properties and negotiating on another. I didn’t realize this until just yesterday but I’m realizing I’m almost to the point we’re the rentals pay for all my wife’s and myself a student loans, mortgage payment and with adding one more rental we will have our car payments officially covered. I’m not to the point of quitting my job by any means but I sleep better at night knowing if anything ever happens to my wife’s income or mine that we will be ok and can get another job without stressing. Goal for year 2 was four rental properties so hopefully I can get eight. Keep pushing.
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Congrats keep grinding and keep growing!