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Updated almost 8 years ago on . Most recent reply

User Stats

94
Posts
19
Votes
Gabriel Benavidez
  • New to Real Estate
  • Houston, TX
19
Votes |
94
Posts

Buying rental property but still want to enjoy my 20s

Gabriel Benavidez
  • New to Real Estate
  • Houston, TX
Posted
I'm 21 and I'm in the closing stage of my new rental property which ​im excited because I'm always looking for the future and being financially stable and having passive income 10-15 years from now. But that being said I don't want to live at home with my parents, I need my privacy so my questions is if is dumb to rent in the city and enjoy my 20s while my mortgage gets paid for and yes I already have the tenants. And what are some things you guys would recommend to me?

Most Popular Reply

User Stats

791
Posts
1,670
Votes
Austin Fruechting
  • Investor
  • Kansas City, MO
1,670
Votes |
791
Posts
Austin Fruechting
  • Investor
  • Kansas City, MO
Replied

I bought my first investment at age 25 and I owned a home we bought when I was 23.  We sold it to free up cash to buy more rentals and rented an apartment for 4 years (from ages 26-30).  I believe in owning real estate, but I never cared if I owned the one that I lived in and I'm fully financially free at 32.  

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