500k Net worth in 5 years (I'm 30 today!!!)

[Joshua D.]

Well I'm old now :(  turned 30 today, As I look back over the past 5 years I am grateful for the success that has happened in my life  and wanted to share a word of encouragement for those who are just getting started.

I started by house hacking a duplex while only making 35k per year from my day Job.  5 years later we have now done over 10 deals and have 500k+ in net worth and great cash flow from our properties! 

Bigger Pockets was THE resource that we used to grow. Thanks to all you people who helped me grow on my journey! 

Oh and I hit 1000 posts! 

If you are out there and wondering if real-estate is a good path, I hope this can be an encouragement for you! Use Bigger pockets and take lots of action! 

[Joshua D.]

@David Zheng

Id'e rather not break it down for the world to see.  But I will say this... My net worth is 90% equity in rental properties and 10% cash and retirement accounts.  If I paid off all my debt I would be worth under a million, but who wants to pay off debt when you can grow like gangbusters! 

We currently own 7 properties and have done 3 flips.

Most of our big jumps in Net worth/assets were a direct result of live in flipping.  We used the (Tax free) profit to launch us into 2-3 more deals.  We have done it 2 times and next summer will be the 3rd. Its a lot of work and moving but when you have low income it seems to be my main way to hustle out!  But now that things are rolling, the next house we buy will be a doodad for my wife (she has earned it).

Peace!