Quick update for anyone who is interested or happens to come across this post.
The last update was that, 10 months ago, I actually received a raise that was too good turn down.
I decided to stick around at the job, pivot and buy a Rental property using an FHA loan instead. I feel bad for building up anticipation to quit with this post only to sell out for an hourly wage. However, I have always dreamed of owning property. I thought this was the perfect opportunity to do so. I apologize for leaving this post so abruptly for anyone who wanted to see how this journey would turn out.
I was able to save up enough and recently (on July 22nd) closed on my first triplex. With interest rates at 2.75%!
I put in my notice yesterday to quit (for real this time!) in 2 months.
Yes, I do have money saved already even after closing on my first property! Not to mention I will be house-hacking (once the bottom unit vacates) so I won't be paying any of my Mortgage out of pocket. If worst comes to worst, I can figure out how to pay my mortgage even if my tenants stop paying completely, which doesn't seem to be a likely scenario.
The combination of closing on this property as well as working at my already time-consuming job made it very difficult to focus on much else.
Many thanks for the advice to any contributors so far. I might continue to update this post, or will create a new one.
-John
