I have a friend who is in his early 30s. He has bought and sold personal houses for a while now, and right now, he is on his fourth. He also has three rental properties, all of which he has lived in until he was ready to graduate to a new house. His strategy has been slow and steady, and as he has grown, he has made incremental decisions in order to build his number of rental properties.
My friend has a moderate income, but he works really hard and is super smart. Through his diligence and discipline, he was done well for himself. Once all his rental properties are paid for, he’ll receive around $4,000 in monthly income for the rest of his life.