I have cash flow positive locations in Bellevue WA, Leavenworth WA, Bend OR, and Hood River OR. They all pay for the mortgage + about $300 - 400 on top. It is not enough to retire on, until 30 years later when the mortgages are paid off... As the title suggests I would like to get the fuck out of the rat race. I got lucky and sold most of my stocks in April and have about 450k to invest. I would love to get to a point where in 2-3 years I could take a job I like in non tech like teaching and live off my investments - any suggestions? Assuming no way to do the above, what cities do you invest in order to find cash flow positive properties? Remote management is a huge pain without someone on the ground but everywhere I looked in the past 3 months the prices just no longer make sense...
When did you buy the properties😲
2014, 15,16 and 18
Nice timing esp 2014-2015. Were the properties less than 300k each or more ?
Do you usually buy single family homes or condos/apartments? In other words upto 2bd/2ba or larger homes. I would imagine the smaller homes would have a higher rental yield but not sure
@OP TC?
Cash flow positive in bellevue...? How did you manage that?
A lot of questions, not that many suggestions 🤔. TC is above, bought Bellevue in 2016 still were able to find. Not any more, thus my question. Buying sf around 3 bd or bigger
Most folks I know invest in Midwest. Homes ranging from 150k-250k max. Cities like Pittsburgh, Houston suburbs, Boise Idaho etc.
Which suburbs around Seattle do you recommend ? Looks like you know a lot about Seattle area
Good luck finding anything that cash flows in Boise...
Why not ? With 20%
Did you look in places like Vegas or Arizona or Ohio? Heard a bunch of college towns in Ohio are quite good but no first hand experience
Arizona is a bit overpriced right now
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1. Leavenworth ? Do you plan to do Airbnb there ? How are you cash flow positive there ? 2. What is your TC and net worth ? 3. Why you want to wait for them to be paid off to help you with retirement ? It’s not clear you are talking about past, present or future in your sentences
You could find cheaper houses there with a long term rental to a different crowd. (rent by a room) in the past 2 years. TC about 500k over last 2 years, 250 7 years prior. Net worth is hard to calculate with a lot of money in the real estate. If you trust zillow and take those value minus mortgages it would be around 2M, including 401k and IRA.
After they are paid off large portion of the rent would go to me, enabling the retirement. I.e. 10k monthly is now going to the banks