"I'm hoping someone will comment that really came from very little income."
I suppose I could tell you the high lights of my story. I was raised in the foster programs, so no one to teach me about money, set goals and so on. There where more pressing issues to deal with. In the early 80s when the country was recovering from the 70s oil crises and Stagflation. I was in my early 20s and just out of collage, no money save, and no one to mentor me. Lots of books on how to though. I thought I could never do it. Not enough money, not enough smarts, etc., etc. tell the early 90s. Then I bought the Carleton Sheets No Down Payment ® home study course. It cost a ton of money and lots of info but you had to pay someone to work you through it. I did learned enough to help a friend out in 1993. Real estate was in the tank she was going through a divorce couldn't sale their house. She told me she was going to hand the keys to the bank. I asked if I could take it off her hands and she said sure. So we sighed a quit deed, cost me about $34 to record it and then I did a refi on it. So my first house I bought for $34 bucks. Put a lot of money into the wrong rehab projects and lost the property and had to declare Chapter 13. Took a while to get the Chapter 13 behind us and to build my credit again. By 2011 I bought another house for $163,000. 2018 I was looking at the end of my work life. I had a house that had grown in value, a 401k that had less then 5 figures in it and bad debt that was more then 5 figures. I decided that it would be now or never to give investing a shot again. I bought a house in 2018 for $200,000 and BRRRRed it. Cleared $500 a month on rent. Decided to sale it this year. It sold in April for $380,000. I had bought another house in 2019 for $200,000. I ran into a lot of trouble getting contractors to show up and other issues. Took over a year and a half to complete it and cost me a bunch of money. I finely sold it in September 2019 for $340,000, and was lucky to see $15,000 from it. This summer I took the time to reset my finances, team and I am now in the prosses of negotiation to buy my third house. I am no shooting star, it didn't happen over night, and at times it has been nightmarish. But would I do it all over again? In a heart beat. I also know a little more then enough now to get in trouble.
I hope this helps.
