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54
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Hamad Khan
22
Votes |
54
Posts

40 doors - should i expand or retire?

Hamad Khan
Posted

Folks, here is my situation and need your guidance on what should i do.

* age 44

* 40 doors all managed by myself

* net passive income per month approximately 27k

* just achieved my golden number of passive income / month last month after almost 10 yrs of hardwork.

Now i am confused on should i expand further or just chill and enjoy my life. Honestly, i resigned from my corporate job and i have been sitting home for last 3 weeks doing nothing but just collecting passive income and feeling totally different.

All i need to know is from all you experienced folks

* should i expand futher or just ride with what i currently have and chill?

Most Popular Reply

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10,267
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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
16,143
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10,267
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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
Replied

I was similar to you last year and 'retired'.  Sold 90% on contracts into the sunset of naps and whatever.  

Leisure can be tough on accomplishers, but I'm chill in general and content.

I like learning new stuff, revisiting old hobbies and causes and I wrote a small book/manuscript. 

I'll probably never bother publishing, it was mostly vomiting my tips and experiences through a keyboard but I felt much better when I was done.  

If your markets are like mine right now, finding deals isn't worth the work.   I'd take some time off and discover what I wanted to do.   Nothing's on fire here. Maybe read some books on finding your why.  Simon Sinek is a good start. 

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