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

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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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[-] 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

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