$100/week plus a little hustle is enough

[Lawrence Ratliff]

So here’s my story, why I thinks a good one, and that you can do it to. I like to buy SFR buy and hold rentals in Dallas TX. I need about $25k (20% down and about $5k rehab) to buy each one. I have a full time sales job, so bills are paid. From that I have $200 per pay period (every 2 weeks) go into a separate account. $5,200 per year, $10,400 every 2 years. Then the hustle comes in. I am also a licensed Real Estate Agent. I do 1-2 real estate transactions per year. That’s right 1-2. If I sell 1 I get about $7,500 per year, $15,000 every 2 Years. $10,400 + $15,000 = $25,400. I am married with 2 kids and love the family time, so 1-2 transactions per year is a small time commitment and just barely cuts into family time. If I sell 2 transactions in a year then I buy another property that year as opposed to every 2 years. I put all houses on a 15 year loan. They are all positive cash flow. My goal is to have 10 properties with about $15k monthly income, $180k annual. Definitely enough for me and wife to retire on. I like buy and hold because of the long term income for retirement and I’ll leave a cash flow machine to my 2 kids. Whatever life throws them money shouldn’t ever be a worry. The best part of this is that anybody can do it. You need a few things, cash (see above), good credit, a little discipline, and some serious guts (I remember sending the first wire transfer 😮). But I did it, never regretted it, and so can you. I hope this story encourages a few people. I would love to hear of others using my plan and finding success!!! Cheers, Lawrence