How about we do a challenge now or in a couple of years of who can work the least amount of overtime. I'm guilty of the OT trap and easy money. Need others to hold me accountable of passing on OT. That is unless you are using the OT to invest and generate additional income and not just suffer from OT lifestyle creep.
At 17 properties now, mix of single family and duplex. I like even numbers so lets shoot for 25 plus a new primary. The more I think about this question I realize its more about the monthly cashflow than the # of doors. I would like to be at $20k month after all expenses paid.
Hey everyone, it dawned on me that I have failed to post wins to this community 🤦♂️. Id like to share that with Brians help I've been able to secure 4 out of state turnkey rentals in Alabama. This was all in a 10 month period!
Like RTR. Have not used them yet but leaning that way. They put out great educational content. Of all the turn key providers RTR would be my starting point. What market did you decide on? Please share your win with the community.
Yes, an easily overlooked trap if the tool of OT is not used correctly. I remember years ago fellow FF would give me a hard time for pursuing rental income of only a couple hundred a month. Why would someone do all the work of acquiring RE, dealing with tenants and toilets when they could just pick up an extra OT shift. Years later the hundreds have turned to thousands and I have a second stream of income that will produce more then my pension. I love the option most of us have to work OT and have used this tool to fund down payments on RE. I also realize that every OT shift you work is another day away from family, another exposure mentally or physically. Remember our OT is not pensionable. Every OT we work waters down your pension. All those extra shifts worked over the years does not increase pension, you just work all those extra days for the same pension amount.