From my Basement in Arvada, Colorado - Hello!

[Kayla Davis]

Hi! My name is Kayla, I'm 22 and I'm ambitious to learn how to establish and maintain passive income using rental property. I'm pretty much like any other 22 year old out there, except that I haven't followed every one else my age off the cliff; college debt, car debt, fast food job... I'm debt free, as long as the car doesn't break down. I do not live at home, like many my own age do.

I work in a call center for $13/hr, 46 hours a week, out-earning most of my age group by ~$4/hr and by an extra 15-20 hours a week. : ) I really wanna put that extra income to work for me in the next six months to a year and establish my Rat Race Escape Route.

For the next six months, extreme frugality is my lifestyle - if anyone can provide resources on this, please do! My short term goal is to purchase my first multifamily property in the next year (and hopefully get a killer deal on it!). My long term goal is to collect many multifamily properties, aggressively pay off mortgages and have enough units to fully support myself (and more) by the time my future children are ready for adulthood. TL;DR: Early retirement. 

Right now, my husband and I live in a basement. Not a basment apartment, garden level with a sliding door. There isn't even an egress window. It's not a finished basement. I don't even get the whole basement - just half, and the other half is storage for my landlady. Sometimes, if it rains too hard, the water pools higher than the foundation and comes in, providing a really lovely water feature! 

I live in this basement because it is (in comparison to other rent prices in my area) dirt cheap at $430/mo. It also comes with utilities included and free milk/toilet paper. I mean, it's really a killer deal.

Because it's such a killer deal, I'm going to be able to save 12k+ over the next 12 months and purchase my first multifamily home by this time next year. If I had that money now, I would go out and buy right away - but, alas, paitence and dilligence are key.

So, hello everyone! I'm looking forward to building a network here, of peers close to home and far from home, so I can learn all I could possibly need to know about the road ahead of me. There's a ton of information out there, I can tell - but I have plenty of time to learn while squirreling my meager income away!

Thanks!
Kayla