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Updated almost 5 years ago on . Most recent reply

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Dean Panagiotopoulos
  • Rental Property Investor
  • NY (long island)
1
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How to retire within 5 years?

Dean Panagiotopoulos
  • Rental Property Investor
  • NY (long island)
Posted

Do you think it is easier to retire with 2 paid off properties? One brings you the income and the other one you live in or buying multiple rental properties better to retire early?

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Joel Owens
  • Real Estate Broker
  • Canton, GA
11,259
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Joel Owens
  • Real Estate Broker
  • Canton, GA
ModeratorReplied

Depends on the individual investor, their current age, etc.

Someone's idea of retirement might be living on 30k a year and traveling the world on a shoe string budget. Another might be a lifestyle of living that requires 200k a year to be comfortable with passive income going up each year to account for inflation.

It varies across the board. I have talked with thousands of investors over the years and they all have a different idea of the ideal life and way of living to them.

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