{ "media_type": "text", "post_content": "I bought a second home!! Once I pay off these bad boys, I won’t have to worry about housing and I can live off the second home’s rental income.\nI want a third house for margin of safety in case of vacancy but baby step at a time.", "post_id": "61a9393a98561000318038ed", "reply_count": 19, "vote_count": 20, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }
null

I bought a second home!! Once I pay off these bad boys, I won’t have to worry about housing and I can live off the second home’s rental income.
I want a third house for margin of safety in case of vacancy but baby step at a time.

likeupliftingsmarthelpful
Posting as :
works at
You are currently posting as works at

Ignore the haters OP, you know they’re just jelly :) I’m doing the same, buying as many as I can for the first 10-15 years, and then focusing on paying off a few mortgage in full. As long as you have 2-3 properties fully paid off, that’s a good retirement right there 🤑

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Nice! Glad I found a believer. I’m hoping by my 5th property, the cash flow will cover my primary home mortgage.

All glory to parents for that sum of cash when I graduated

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I was gifted a house in Jeju

It feels good contributing to the housing and climate crisis, don’t it?

likefunny

Whatchu talkin ‘bout, buster?

Ok

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:(

I’m currently closing on my first property and would like to get a second property in a year or two. Would you mind sharing your experience on how you financed the second home?

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Check out cash out refi if your primary has appreciated a lot since you bought it.

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How are you able to get enough capital to buy all these properties? How much is your TC?

I’m a DINK. We live on half of my income save everything else to do this.

likesmartfunny

Congrats! Im on the mission of getting my first home

Good luck! Hope you’re pretty handy!

Congrats OP that’s the path.. I did the same last year rented my Condo and bought a house . Hopefully can add more rentals in the future 🙏

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