Quote:
Originally Posted by Moe2Moto
Anyone else have anything to contribute?
|
Here was my path. Out of high school get into a Pipefitter union. On the advice from my father ( one time I listened ) my first house was a duplex. Lived in 1 and rented the other. To 2 little hotties back then😳😄. Lived in my side for 3 years. Bought another one, rented my original and now had 3 rental living in the 4th. 25jsh at the time. Then I bought my first single family and had 4 rentals. After that , flipped a few and used that for 2 more rentals. Long story, I had 12 rentals. Sold one end of Covid and bought a 458😉. I would not consider myself filthy rich, but I’m free rolling these days. Have a shore house in Margate with a 3 car collection. I plan on selling the homes in about 5 years but rentals these days are gold. None of these kids want to own shit. Rentals are through the roof. Plus, anyone going to college is so underwater with dept, they have no money for a down payment. It’s sad. Glad I didn’t do college. Didn’t cost me or my parents a penny. I was making good money for those years. If I had to guess, I probably make an average of about 7-800 a month on each of the 11 rentals. Plus my normal job. It takes some work early on but you will never lose in my opinion going with rentals. I always do well on taxes with the write offs. I’m going to set my nephew up with this plan and get him into my one duplex.