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Updated about 1 year ago on . Most recent reply
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40 doors - should i expand or retire?
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?
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- Rental Property Investor
- East Wenatchee, WA
- 16,108
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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.