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Updated almost 3 years ago on . Most recent reply
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Age, how many rentals, and type of rentals?
I'll start. I'm 38 and I own 0 properties. I am reading all I can on REI with the goal to buy my first property within the next year. I'd love to be inspired by some of you and your journey.
I’d like to know your age, how many rentals you own, and the type of properties you own? How did you get your start and at what age?
Most Popular Reply
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Our first purchase of an investment property was at age 38. Twenty-five years later, we're holding 17 rental units (5 SFH, 2 duplexes, 1 eight-plex) that are all cash flowing. Real estate investing is not a full-time occupation for us, as both my husband and I have other careers. We're within 7 years of retirement and our portfolio will support that, in addition to our other investments and retirement funds.
Strategy.... Be a person of integrity, be kind to yourself and others, take care of your body (it's the only one you have), be a lifetime learner, set goals, stay the course, adjust to new circumstances, work smart, save more than you spend, don't hold consumer debt (pay off bills every month), build your credit worthiness, maintain a stellar credit score, nurture relationships with others, keep faith in God, believe in yourself, be a positive person, give back to the community with your time, talent, and treasure.
Strategy.... Be a person of integrity, be kind to yourself and others, take care of your body (it's the only one you have), be a lifetime learner, set goals, stay the course, adjust to new circumstances, work smart, save more than you spend, don't hold consumer debt (pay off bills every month), build your credit worthiness, maintain a stellar credit score, nurture relationships with others, keep faith in God, believe in yourself, be a positive person, give back to the community with your time, talent, and treasure.