How Many Rental Properties Does it Take to Retire?
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- Опубликовано: 4 окт 2024
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In this week's video, we'll briefly dive into the amount of rental properties it would take to retire. We'll explore the numbers of properties you'd need to essentially replace an income of $120K a year. You'll also see how accumulating more rental properties will only further increase your financial freedom. We hope you enjoy!
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Anyone can retire early and rich! Take it one step and one property at a time...
Great video! Love that statement of when everyone is going right, look left. I think going against the grain is an essential part of achieving early retirement. Most of us tend to just take the advice of our friends or family but if that person doesn't have the desired outcome you're looking for... you might want to look somewhere else for your information.
We most definitely agree! Glad this video and the content resonated with you. A lot of people tend to get too focused on one type of investment strategy in order to retire. There are so many different ways to diversify your portfolio and (maybe we're biased) we believe real estate investment is a prime way to not only diversify, but solidify reliable investing assets. Thank you for commenting and sharing with us!
Great video I’m getting ready to purchase my first property in Florida through you guys
That is great to hear! We look forward to working with you. The Florida builds are going to be an amazing investment asset to have!
Did you end up completing your transaction with RTR? How was your experience? Thanks
Cape coral?
What if you just go ahead make $2m in cash somewhere somehow and buy 20 houses all at once. Why do it in 10 years when you can do it in one shot?
If you have $2m in cash sitting around this would be a great strategy. I agree with you that the sooner you do it the better, so there's no point in waiting, right?
400 a month is a little optimistic. Also, $20k down-payment and $500 cashflow..... are these realistic for turnkey.
Just want to keep it real.
A 20k down payment will get you a 100k property. Let's say that property is getting a 1k rent on day one. That's a perfectly reasonable assumption for properties right now (if you can find them, which we're able to do). Will that property cash flow $400 from day 1? Potentially. But let's say it doesn't. It will be at least in the $300-350/mo range with those numbers. Factor in yearly rental increases (which you SHOULD be doing, even if it's only $20/mo per year) and you're quickly at 400 (or more in this rental environment).
As a real world example, an 80k property I purchased turnkey in 2018 is now cash flowing over 500/mo. Year 1 was more along the lines of 350/mo cash flow. Rent increases since then have done the rest of the work. That's the beauty of buy and hold. Time makes your investment better and better.