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Updated almost 6 years ago,
Is $130k per year job enough to get started?
WARNING! New guy question. Proceed with caution ;)
All kidding aside, I've been reading about rental properties for a while. However, a lot of articles mention that the person (or couple) saves enough for a new rental every 12 months.
So here I am, $130k salary, thinking "how do I save $50,000 every 12 month".
Just curious - is it because these people have very generous salaries ($200k+ per year) or is there something i'm missing?
Thanks for your time and sorry for the "new guy" question.