Bittersweet! I just sold my first little rental property ššš
I bought it the very same year I learned about financial freedom.
I went INNNN on real estate as soon as I understood the basics of financial independence retire early (#FIRE) and real estate investing. In the 10 months that followed I bought 10 units, through partnerships and private money loans.
That first one I had used $10k of my own savings and got a regular loan before I quit my W-2 job.
(I talk about this in a podcast, link in bio!)
I always said I would never sell since I am a long term buy and hold investor, but over the last 4 years different opportunities have come up to sell some of the properties and reinvest in other things. Mostly, I am moving my investments to lower cash flowing ā but stronger appreciation ā markets like LA.
And I wanted to clear my headspace to focus on my realtor business and my family!
It has been a fluid process, and Iām still not sure if I made the right choice (trading cash flow for appreciation) but then again, I was FREAKING OUT when I originally bought this property and thought that I might be doing something super scary and random… it ended up being the catalyst to the most incredible journey the past 4 years!
I am very clear now that this is a winding process, and not as straightforward and linear as I thought back in 2018 when I first wrote out my FIRE plan in my journal.
Thanks to my out of state team for handling this sale for me from far away, and to this little rental property that could!
#realestate#realtor#realtorsofinstagram#homebuying#equity#losangeles#losangelesrealestate#realestateagent#FIRE#financialfreedom#investing#workoptional#goals#outofstateinvesting#remoteinvesting#rentalpropertiesareNOTpassive!