People think we're nuts

[Chris Gawlik]

Hey everyone. We are selling our primary residence and moving into a travel trailer behind my parents house.  We live in one of the nicest neighborhoods in town. I have a family of 6.  A kid in high school and all the way down to an 8 year old. After looking at our bills we are just spending to much money.  We are developing a long term plan to develop some passive income.

We have around 250K in Equity. We will be paying off a 3 unit a car and some Bill's.  By the time everything is paid off we should have around 200k liquid. 

With the net cash flow and our jobs we should be saving around 7k a month. 

My wife is the driving force behind this plan. This is pretty hard for my kids and I, but our plan is to have 3 rentals paid for in cash before we move back into a primary again.  This also may sound a little crazy but I think the realestate market / stock market is going to be going into a recession in the next 1 or 2 years.

 Just wanted to know what some people might think that have more experience / knowledge with our plan. Thanks.

[Dave Foster]

@Chris Gawlik, You'll never regret one minute of this wonderful adventure!!!  You've identified what enough is and are moving toward it.  You've perceived that family isn't a building, life isn't a structure, and the only thing that lasts are memories and those are active verbs.  

18 years ago we moved onto a sail boat with 6 of us.  It was everything @Thomas S. said - noisy, cramped, inconvenient, our parents were scared to death, our friends didn't understand it.  It was horrible - So horrible we had to force ourselves off after 12 years.  So horrible that even today our 4 boys identify as "boat boys" and look forward to their own boats (or RVs a very similar lifestyle).  The biggest grandest adventure of our lives and none of us would trade it for anything!.  

One of my mentors in the endeavor had this comeback to all the naysayers.  You can adapt it for yourself.  When asked by a skeptic  "Do you really still live on a boat".  He replied, "Yes, do you really still live in a house?"

This is the freedom that real estate investing can give you.  Don't be a slave to a model or what everyone tells you to do.  Create your own perfect scenario,. Use real estate to sustain it.  

Love your plan!