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Updated over 8 years ago, 07/13/2016

User Stats

455
Posts
182
Votes
Austin Hughes
  • Rental Property Investor
  • Lubbock, TX
182
Votes |
455
Posts

Mom's Gonna be Able to Retire

Austin Hughes
  • Rental Property Investor
  • Lubbock, TX
Posted

I've recently begun dedicating time on Sundays for a financial review in different areas of my personal life and business.

This Sunday, I did a thorough review of my investment in mobile homes. For those who don't know, I'm using my mother's funds to invest in mobile homes. Without going into detail, she has never had much money saved up at all. No retirement plan at work, no assets, and pretty much living paycheck to paycheck. Still, she's always been generous and provided for me. I love my mom.

Well now, I've turned the tables on her. I will no longer be an expense in her life, but I will be the source of her retirement. I've taken $6,000 and turned it into 4 mobile home deals and  $500/mo. cash flow just for her by the end of this month. Yeah, I'm making great money as well for zero $$ invested. But this isn't about me, it's about her.

I've purchased 7 other mobile homes waiting to be rehabbed, and by Christmas, we are projected to have 12 mobile homes fixed and cash flowing. Momma should be at about $1,500 cash flow every month by December 2016. It feels great to be able to provide this for her...money is great, but helping someone you love and have always wanted to help is something I'm truly grateful to be able to do.

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