Building a Buy and Hold Empire

[Daniel Pitner]

My wife and I are 25 and are looking to retire in 10 years through long term rentals. We live in the Phoenix area and have 1 rental currently that cashflows $500/month.  What suggestions do you have to build enough cash flow to retire? Our "retirement number" is $4,000/month.  How would you buy enough properties to do this? 

[Matt M.]

@Daniel Pitner

To me, $4k/month isn’t enough once you factor in health insurance, etc. and retirement at 35 just seems odd to me unless you have tons of money to travel and do great things. I see boredom in your future. Keep your W2 jobs, aim high, buy as many rentals as you can, bank as much money as you can, and retire early in your 50’s. As for me, if I’m home for 3 days in a row I go nuts.