My Current 5 Year Plan

[Corey B Hanner]

Hello out there!

Late 2018: I am a home owner that is about to get married! Woohoo! Though we are very excited, we are also funding the wedding almost entirely. Coupled with that is the honeymoon and some debt from a HELOC I took out in order to pay for our home. That amount of debt should be paid off, if we continue to live frugally, by this time next year (late 2019). On top of that, my mortgage payment will no longer have PMI shortly afterwards!

So, having no more debt and some capital to work with, I'm looking to purchase another property (realistically, some time in 2020).  

At this moment, there is a wall in my 5-year plan.  I've listened to, read, and watched extensive podcasts, forums, and webinars, respectively, from BP and understand that (some of) the best ways to go would be to stack and house hack.  Overall, by the end of the 5 years (2023), It's feasible to own (starting with the 2020 purchase) 6 new properties.  It seems ambitious, and of course there's always the funding challenge, but if networking truly is that strong and keeping razor sharp focus, I would love to achieve this goal!

Let me know what you think in the comments below or tell me some of your stories and I will appreciate them!

-Corey