Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Personal Finance
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago,

Account Closed
  • Financial Advisor
  • dallas, TX
17
Votes |
19
Posts

Financial Independence and Expat Living

Account Closed
  • Financial Advisor
  • dallas, TX
Posted

I have an autoimmune disease in my colon that is triggered by stress.  When it is active it makes my life miserable.  The biggest cause of stress is working as a construction project manager in NYC with a lot of pressures coming from all sides.  The biggest stress relief for me would be to know I could walk away from work at any time without having to worry about money.  I don't know if I would quit a job that I do well at, am appreciated, work with a great team, and enjoy most days.  But having a safety net, a plan B would go a long way for peace of mind and physical health even if I never quit what I'm doing.

So I am trying to reach a basic level of FI as soon as possible.  Through research and travel, what I realized is there are many areas in the world that I would be open to living that are much cheaper than NYC or much of America.  On even $1,200/month I could live very comfortably in areas such as Bali, Thailand, Vietnam, and the Philippines.  For stocks using the 4% rule in low cost index funds, I would need $360,000 invested to make that $1,200/month expat plan happen.  I'm 26 and at my current income and savings rate I'll have that money by age 35.  If I get raises in line with what my coworkers have gotten while maintaining the same expenses, I can expect to have the money by age 32, just 6 years away.  

My question for the Bigger Pockets community is to lay out a scenario with real estate of how I could get there faster.  I am saving $30,000/year and don't want to invest anything I already have in real estate because that is my emergency fund.  How many doors and how much invested in down-payments and up front costs is a reasonable middle of the road assumption to make a $1,200/month profit on real estate?  

Loading replies...