Well, I Have 5 Rentals Now!

That’s it. That’s the post. Because I’ve come to realize that I suck at keeping a blog updated, even though so much has happened in such a short amount of time…

  • I picked up 2 rentals just these last few months, in January and February of 2024.
  • I’m now making $1550/mo. in pure cash flow from rental income, and that’s after all expenses and setting aside $200 per property each month for future repairs and maintenance.
  • I went from making $65k/year in 2022 to $90k/year in 2023 and now $105k/year in 2024. Safe to say that I’m shoveling all the money I can into paying off debt AND acquiring more property. Coupled with my partner’s $85k/year, we’re living very comfortably given our choices!
  • My partner also decided it was time they went to college, so that’s what they’re personally working on. Hoping that shiny new degree helps catapult their salary, lol.

It took me a long while to get here, but I’m so happy! Still in a bunch of debt, but that’s been slowly going down over time, and now I have a way to really kick things into high gear. I’m trying to decide whether or not I want to dedicate the rest of 2024 to pay off as much debt as possible, or if I want to focus on picking up another property or two. Perhaps I’ll just go with the flow and work on paying off debt, but if the right opportunity comes along, I’ll seize it. I think that’s best.

Until next time!

Alex