Building capital through flips or other ways?

[Roy Gottesdiener]

I'm about to close my first deal for $150k rental property which will cash flow $14k yearly.

Thinking forward, what would be an ideal strategy to generate enough income so I can retire in 10 years? I can refinance and buy another rental, then keep doing that, but I'm. Thinking if there's a better way to first build capital and then buy rentals, refinance etc just with a better starting point.

If you can share your thoughts about this or any other method that'd be great. Bear in n mind I don't plan to use any of the cash and reinvest all of it.

[Kase Knochenhauer]

@Roy Gottesdiener - spend less & save more!

Reduce overhead: stop eating out, move somewhere cheaper, drive a terrible car, cut cable, sell your TV, etc

Make more money: get a job promotion, work overtime, flip homes, deliver pizza, etc

Determine what is your highest dollar producing activity and do it as much as possible.