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?
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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.
I have a number of friends that live off real estate holdings. None of them say they are retired. Constantly busy with maintenance.
Half of them are focusing on selling their properties as tenants leave.
