Want to quit my Job in 5 years. new from VA

[Joshua Kidwell]

Good Day,

I'm a new almost Investor in Bedford, VA. I just put a house under contract for $42,000 Cash (507 south st Bedford va 24523) . I'm going to put about $30,000 into it. Going to live in it while i do some of work and Sub about 40% of it out. Then i'm going to subdivide the Back yard and build another house on it. Then rent them both out. So that's where I am right now.

My main focus is I want to quit my job in 5 years. I will have around $130,000 in the bank after I close around the 5th of january. I'm selling my 2014 avalon I'm about 4k underwater in that (1.9% for 4 more years). I am also going to cut back my eating out so my total food bill per month should be around $400 for me.

I'm sick of being a wage slave. I'm tired of working 70-80 hours a week and pulling in 70k a year. I can live off 33k after taxes and that is my 5 year goal. 

That's about it. I wish you all a merry Holidays. Sorry for the jumbled up text