Just Closed!
I started buying investment properties a few years ago when I was still an educator… and before I even owned a home myself! For me it was important to invest my savings in assets that produced actual *income* (not just gambling that stock prices would go up).
This is part of my path to “financial freedom” — replacing my active J.O.B. income with passive income from real estate. This means investing and saving consistently, tracking all my expenses, and when all of my basic needs are met via investment income — then that’s financial freedom! aka, I can still WORK, it just won’t be to LIVE. (and let me tell you, it’s not always “passive” income when you’re starting out!)
For me, I thought this meant buying and holding rentals, and never selling. But things change, markets shift, and I am selling some of my original investments which have appreciated in order to free up capital for new ones. For example, trading my out of state properties for apartment buildings in Los Angeles.
So I just sold one of my duplexes. I still have my rent-to-own properties where I credit 5% of the rent toward my tenant’s down payment to buy the house, and my first LA apartment building is closing very soon. As you can see, my cat helped me sign that stack of closing docs. And I am excited to re-invest these dollars into new real estate ventures!
If you’ve been wanting to invest in real estate, hit me up! I know all about the good, bad and the ugly. Yet still in it for the long haul! It’s def a marathon, not a sprint. 🙂
And to be clear, I fully support all people who have historically been excluded from homeownership who use real estate as a vehicle to provide for themselves and their families. For better or for worse, homeownership is how people in this country build wealth that they can pass to their kids. It makes my blood boil to see BIPOC movement leaders attacked for doing just that.
