A Simple Plan
Buy 8 Houses/ Average 1.5 homes per year.
Retirement is simply the ability to have more money coming in than going out, positive cash flow and residual income.
Each home renting for $1500 per month over 5 years- let the equity grow; sell off 4 to pay off the 1st 4 homes.
$12,000 converts after selling 4 to net income of $6,000 per month.
If you decide to do some remodeling or upgrades you can force equity to rise more quickly over time.
Check out the Bigger Pockets Podcast for Building Wealth with Passive Income with Rental Properties.
Compliments of Susan M. Black, Northwest Integrity Real Estate, LLC Cell: 623-694-5829