Rental Property Investor · Member since 2018 · 7 posts · 1 vote
First and foremost, hello everyone! New to the forum. I'm 20 years old officially today, and have been thinking heavily about renting out properties for the last two years. My question is are there landlords that own 250-500 or even more properties, or who earn $1,000,000 or more a year through their properties? I understand at this point you'd need a property management company or know a lot of handy men in a lot of places, it's more out of curiousity. I understand it would take a lot of work to get there, but I hope I would be able to get there eventually! Thanks to anyone who responds!
@Logan Caudill
I don’t ..however there’s many on here that have several hundred and actually many who have several thousand . Some even have 4300+ . While this seems like an incredible amount ( and it is) you must understand that after you get so many it is like a snowball effect because your compounding income and able to purchase more which enable you to purchase even more yet and so it goes . When you have dozens or hundreds of tenants paying you every 30 days you don’t have to kill yourself saving back from your w2 job or beg the bank for a loan to buy real estate