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Updated over 9 years ago on . Most recent reply

User Stats

264
Posts
102
Votes
JT Spangler
  • Buy and Hold Investor
  • Nashville, TN
102
Votes |
264
Posts

Work is now optional for me

JT Spangler
  • Buy and Hold Investor
  • Nashville, TN
Posted

My basement unit rehab is completed, and yesterday the long term tenant took possession. I realized that that means with the cash I have on hand now I could, (1) pay 2015 taxes, (2) pay off my 50 acres of off grid land in SW Tennessee, and (3) build a small cabin there.

My 3 doors in Nashville would cashflow about 1k/mo, which covers all my expenses.

In other words, as of yesterday, I never have to work again if I don't want to. 

Of course, I'm not going to use my cash on hand for that -- I'm looking at other buy and hold deals now. But it's nice to have the option. :)

Most Popular Reply

User Stats

264
Posts
102
Votes
JT Spangler
  • Buy and Hold Investor
  • Nashville, TN
102
Votes |
264
Posts
JT Spangler
  • Buy and Hold Investor
  • Nashville, TN
Replied
Originally posted by @Franklin Romine:

Good progress.  Push the cashflow to 10K.  1K isn't exciting.

Keep the momentum.


Frank

 If you're chasing numbers, allow me to share something I learned in a lot of higher level math courses: they don't end. The point isn't excess; it's freedom. :)

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