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Updated almost 8 years ago on . Most recent reply

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Andrew Foster
  • Yucca Valley, CA
4
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25 rental properties in 4 years

Andrew Foster
  • Yucca Valley, CA
Posted
Hello as of right now I’m 18 but I plan on saving and getting my first house to live in by 21. I plan to save roughly 9,600 a year to buy a rental in Texas (I’m in Cali but I have a real estate cousin in Texas and plan to use property manger) alongside that house I want to refinance the other house which should be enough for a second rental so I’ll be 22 with 2 rentals I was wondering if I can get to 25 rentals by the time I’m 25 doing those same things refinance my rentals while also buying a house from saving over a year. Will this work?

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Brian Garrett
  • Real Estate Investor
  • Palm Beach County, FL
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Brian Garrett
  • Real Estate Investor
  • Palm Beach County, FL
Replied

Using your plan of having 2 properties by age 22 and saving $9,600 per year I don't see how you will achieve 23 additional properties in 3 more years therefore 25 rentals by age 25 doesn't seem very realistic in my honest opinion.

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