All Forum Posts by: Anthony Then

Sadly I am only a measly software engineer working a 9 to 5. My dad has been a general contractor for 25 years in New York City but I don't have the greatest relationship with him to fully leverage that. Do you think anyone can do it if they consider themselves good learners or was the experience you had as a mechanic invaluable? Oh I may be mistaking the kind of mechanic you are did you pull the 60k out by doing your own renovations? Me and my fiance are in a situation where we may be able to pull out equity out of our house as well. Amazing story nonetheless.

Yeah I get what you're saying, the numbers make sense to me, but you have to make sure to buy at the correct pricing and not have too many things go wrong still for it to be a good investment. Not saying it's ever a bad investment though, but most people with the quicker stories to a good yearly rental income are usually either great at construction or are finding ( or offering until the land one ;) ) amazing wedge deals.

Thank you @Mike Dymski @Luke Rorech @Carlos M. @Bjorn Ahlblad for the replies really insightful.

The title says it all assuming you can get back 7% on stock gains yearly, going by current trends this seems extremely conservative, companies today seem to be growing much faster than the historical data we usually reference for average returns. So the question is, is it worth the extra work? Dealing with agents, contractors, property management, risk of expensive repairs, and so on. I am genuinely curious are you guys seeing 20% returns yearly or something because seeing all of the extra costs needed to even just begin saving for a house is kind of demoralizing even when you have a good salary and side businesses. Let me know what you guys think.