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Updated about 11 years ago,
Aspring Free and Clear Investor Here
Just joined the community and wanted to say high and get your thoughts on my investment strategy. I've been around the REI space long enough to know it goes against conventional wisdom so I'm genuinely interested in your thoughts:
My wife and I have been working on paying off debt and have paid off over $200k in the past 6 years. We're a few months from paying off our home and will begin saving to purchase free and clear rentals. Currently we can save around $70k/yr towards this. Some basic modeling I've done shows that we could have 12 paid for properties in 12 years generating ~$125k a year.