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Updated over 4 years ago,
I need to hear “I quit my job!” stories, please!
Hey y’all. I’m standing on the edge of the cliff of quitting my W2 job and I’m wondering if I can fly. I’m at a point now that many have been in before. I’ve been miserable for years in my career. Instead of letting it drag me toward an early death I chose to start investing in real estate about 7 years ago. My goals were (and still are) financial independence through rental income so I have the ability to watch my kiddos grow (ages 3, 6, and 8) and travel with my wife of 12 years any time I want (never heard this one before, right)?
Last week I closed on an apartment deal that brought me up to 50 total doors. All of my properties (four apartment buildings) are leveraged with commercial financing. My net rental income now matches my W2 income and I think I can do this. My wife, maybe not so confident. I don’t blame her, it’s terrifying. But I feel like our goals are in sight. Please give me some motivation through your success stories of retiring on your rental income!