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Updated almost 6 years ago,
Using rentals to replace income of stay at home parent
Hey everyone, I am planning to rent out the house that I am in starting next fall (i know bad time, i try a lease thst ends in the summer and then switch to a year term) our goal is to get enough rental income to partially replace my wife's income in 5 years so she can stay at home when we start having kids. Is there a group of people or even someone else that has created a strategy around this goal or who wants to talk through a strategy focused on that goal?
I'm happy to talk more if anyone wants to! I studied economics, grew up in a constitution/commercial real estate family, and I've studied rental properties for a few years so I have some basic basic skills but I am excited to learn more and begin our journey!