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re: For the posters "of a certain age", how have you found a balance in your life?
Posted on 5/4/15 at 10:23 am to MrSweets
Posted on 5/4/15 at 10:23 am to MrSweets
Wow. You're doing exactly what I am working towards every day.
I'm around your age but if my growth and numbers stay constant, I can focus on my rental property business full time in less than 8 years. I've got a six figure job in real estate right now but the stress and lack of free time is awful. I'm living as frugal as I can just saving and investing trying to escape.
I'm only doing single family homes right now mostly due to the great returns (proforma on latest purchase is 30% ROI) but I know I need to scale up to multi-family to hit the numbers I need to retire.
Stick around and post more. Your story is fascinating.
I'm around your age but if my growth and numbers stay constant, I can focus on my rental property business full time in less than 8 years. I've got a six figure job in real estate right now but the stress and lack of free time is awful. I'm living as frugal as I can just saving and investing trying to escape.
I'm only doing single family homes right now mostly due to the great returns (proforma on latest purchase is 30% ROI) but I know I need to scale up to multi-family to hit the numbers I need to retire.
Stick around and post more. Your story is fascinating.
This post was edited on 5/4/15 at 10:24 am
3
Posted on 5/4/15 at 10:36 am to I Love Bama
Will do.
Posted on 5/4/15 at 5:10 pm to I Love Bama
Longtime lurker and usually spend time between the money board and Bigger Pockets. Bama, our stories sound very similar. Im 31 and also in the RE field. Love this board though.
And, it does seem tough to juggle your job and try to do your own thing on the side. I'm not sure how some people do it.
And, it does seem tough to juggle your job and try to do your own thing on the side. I'm not sure how some people do it.
Posted on 5/4/15 at 9:38 pm to I Love Bama
quote:
proforma on latest purchase is 30% ROI
mine are between 20 and 30 as well. quote:
I need to scale up to multi-family
i have been looking at that as well.
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