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Updated almost 6 years ago,

User Stats

19
Posts
8
Votes
Trey Fischer
  • Rental Property Investor
  • Boerne, TX
8
Votes |
19
Posts

My Plan - Does it make sense?

Trey Fischer
  • Rental Property Investor
  • Boerne, TX
Posted

I'm thinking about using a retirement account to buy 3 properties out right and then use the income to buy new properties as I build up cash reserves.  I estimate if I buy properties around 120K, I could have about 6 paid for properties in 8 years.  Cash flowing about 70 k a year.   Anything wrong with this plan?

Thanks for any feedback

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