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Updated over 6 years ago,
My set for life plan
Hey guys I'm pretty new here. I recently bought SET FOR LIFE. Have listened to it 3 times. In the last two weeks I've also listened to 100 episodes of the bigger pockets podcast. It's jammed packed and I'm learning a lot.
My goals with all this is to become a landlord. That's all I want. I want cash flow. And to be able to earn money without clocking in(which I loath)...
I have never bought RE before but I have had countless W2 jobs. (Which aren't the answer).
I have traded options and futures (not too successfully) and I have a high risk tolerance. I love trading and will again. But I realize that trading should not have been my step one. Real estate should of.
My plan is as follows. Pay off all my credit cards over the summer, get rid of my financed jeep with full coverage insurance. And drive my crappy 1992 Honda Accord forever. I'm going to house hack. Buy a fourplex and start there. I really am motivated to get this going.
I am 35. 15,000 in debt. 30 k income. I have had tons of different jobs including the railroad,the oil field, I currently work as a direct tv tech and have a second job dilivering ice. I don't want to work for any wage.
I look forward to getting out of this job thing.
Ps. What does cap x and cap mean?