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Updated over 2 years ago,
I quit my job to sail around the world... Now what?
Over the past 3 years, my girlfriend and I have acquired 4 rental properties. We then quit our jobs, bought a 40' catamaran, and have been sailing around the world since this April of this year. The only problem is that we are still in our 20s and still have the hunger to grow our portfolio. We don't depend on our rental income to live. We have a small amount of money saved that we keep separate for our sailing adventure and we will stop sailing when that runs out.
We have one property where we can potentially cash-out around $55,000 using a non-qm product, however this will reduce the cash-flow of this property(not that big of a deal). We would love to purchase another property but are just concerned with the possibility to make it happen (regarding underwriting) without having income.
I would love to see if anyone has some creativity in this situation. Thanks!