Would be cool to hear from those who have and how you got started. Were there any pitfalls or things you would have done differently?
Would be cool to hear from those who have and how you got started. Were there any pitfalls or things you would have done differently?
I have a buddy who cashed out his retirement savings, rushed into 3 properties that are pretty run down, and now stresses about repairs because he doesn't have the cash on hand.
He wanted to be a slumlord because he didn't want to work a job, over-leveraged himself, and is now stressed all the time.
Not FIREd yet and also not an active real estate investor, but I currently rent one property that I use to live in
My plan is that everytime I move out of a house, I rent it out
Not gonna rake in a bunch of money or anything, but over the long term, I'd hope it shorterns my FIRE timeline
@lemmy.ml
FIRE is a lifestyle movement with the goal of gaining financial independence and retiring early.
Flow Charts:
Personal Income Spending Flow Chart (US)
Personal Income Spending Flow Chart (Canada)
Personal Income Spending Flow Chart (Australia)
Personal Finance Flow Chart (Ireland)
Useful Links:
Mr. Money Moustache - a frugal lifestyle blog
Related Communities:
/c/PersonalFinance@lemmy.world
/c/PersonalFinanceCanada@lemmy.ca
go to feed...
@lemmy.ml
FIRE is a lifestyle movement with the goal of gaining financial independence and retiring early.
Flow Charts:
Personal Income Spending Flow Chart (US)
Personal Income Spending Flow Chart (Canada)
Personal Income Spending Flow Chart (Australia)
Personal Finance Flow Chart (Ireland)
Useful Links:
Mr. Money Moustache - a frugal lifestyle blog
Related Communities:
/c/PersonalFinance@lemmy.world
/c/PersonalFinanceCanada@lemmy.ca
go to feed...
save