Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Off Topic
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago on . Most recent reply

User Stats

249
Posts
46
Votes
Ana Hyler
  • Lincoln, NE
46
Votes |
249
Posts

I have enough now to retire in 5 years!

Ana Hyler
  • Lincoln, NE
Posted

We started investing 5 years ago… and we’re really proud of our accomplishments so far. In 5 years we went from being tenants to owning our residence plus 19 rental doors! Both my husband and I still have our full time jobs and also manage all of our properties… final goal….retire early and keep on investing on the side. We have decided to stop buying and concentrate on paying down the debt acquired with real estate. According to my calculations…in 3 to 5 years we should have enough net cash flow to retire. I’m excited about this new focus. The challenge… I’m an entrepreneur and I will have a very hard time staying put and not trying to keep on growing!
I’m excited to share this with all of my BiggerPockets colleagues…as we all have similar goals and aspirations! … Thoughts?
:D

Most Popular Reply

User Stats

21,918
Posts
12,876
Votes
Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
12,876
Votes |
21,918
Posts
Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Replied

Congrats! You can see the light at the end of the tunnel and it's not a train! (?) Make sure that retirement means more of a fixed income.

I have seen several of my friends retire on rental income, but it doesn't necessarily stay up with the cost of living, since rents can't be increased, in some cases, quickly, rents lag.
Shooting for 20% more than your needs is better than hitting a figure today and saying I can live off that.

And, don't forget maintenance, 15 years into retirement holding older properties may need attention. Just two aspects that retiring investors should address, IMO.

But, congrats, it sounds like you are well on your way, it's a great feeling isn't it? (!)

Loading replies...