14 Beers Deep on the Lake Somewhere
- Jan 13, 2010
Decided last year that I wanted a jumpstart my F.I.R.E goal and not work until I’m 65 (I’m 28 now). 2021 was a pretty good year for a newbie like myself. I flipped two houses, wholesaled a few deals, and bought my first rental. I’m in the process of purchasing my next flip, but may park it into my rental portfolio if the numbers make sense. My first flip really opened my eyes to what real estate could do. I made 75% of my salary in 87 days. My second flip was literally $0 In renovation cost and made 20k In 41 days. Although I made my salary, I reinvested most of year 1 profits back into the business and traditionally financing a SFH for a long term rental. I’ve done a little touch of everything so far, but I’m still working to find my true niche. I’ve been really patient, but I’ve really zoned in on my off market acquisition strategy, so I’m ready to start scaling.