Has anyone here gotten to FIRE through primarily real estate? (lemmy.world)

submitted 1 year ago* (last edited 1 year ago) by UBWare@lemmy.world to c/fire@lemmy.ml

4 comments fedilink hide all child comments

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?

you are viewing a single comment's thread
view the rest of the comments

[-] Triz3n@lemm.ee 1 points 1 year ago

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.

this post was submitted on 03 Jul 2023

3 points (100.0% liked)

FIRE (Financial Independence Retire Early)

1131 readers

1 users here now

Welcome!

FIRE is a lifestyle movement with the goal of gaining financial independence and retiring early.

Flow Charts:

Personal Income Spending Flow Chart (US)

Personal Income Spending Flow Chart (Canada)

Finance Flow Chart (UK)

Personal Income Spending Flow Chart (Australia)

Personal Finance Flow Chart (Ireland)

Useful Links:

Bogleheads Wiki

Mr. Money Moustache - a frugal lifestyle blog

The Earth Awaits

Related Communities:

/c/PersonalFinance@lemmy.ml

/c/PersonalFinance@lemmy.world

/c/PersonalFinanceCanada@lemmy.ca

/c/AusFinance@aussie.zone

founded 1 year ago

MODERATORS

G59@lemmy.ml

yenahmik@lemmy.world

sevan@lemmy.world

bloodsangre7@lemmy.world

sugar_in_your_tea@sh.itjust.works

andocas@lemmy.world