The gravity furnace......
Saw a few of these while house hunting recently
I tend to stay away from properties w a gravity furnace.
Whats your thoughts?
If I could only share one piece of real estate advice, it would be this:
Own as many properties as possible early on.
Sure, purchase price, financing, and management are all important.
But if you have a $3M portfolio in your 20's and don't sell, you'll swim in money later.
I didn't want to pay rent
So I put 10% down on a multifamily property
I lived in the ugly unit & rented the nice one.
I house hacked before I knew what it meant
Investing only $500 a month can make you a multimillionaire.
After 35 years youโd have a portfolio worth $2,068,825 (assumes an 11% annual return).
But your original investment would have only been $210,500.
Thatโs a gain of $1,858,325 thanks to compound interest and time.
Put your money to work for you!
I hit Million dollar networth when I was 31
I did this while working at a movie theater making on average 55k a year
These are the 6 things I did to grow my wealth
A Thread ๐งต
11 years ago today the startup @NabeWise I consulted for got acquired by @Airbnb.
Does anyone know how to cash this 38 share certificate (~$5,000) I've been holding on to ever since?
I didn't wait for someone to fix my problems
I set down the remote
I spent my weekends working at Ross
I paid off the debt I accumulated
& then I bought rental real estate ๐
Lost my wallet at the gym
An 11 year old turn it in.
I lucked out today.
I gave him $20 when I picked it up ๐
He was happy & I am grateful ๐ ๐ฅฒ
Following 2015โs fractal pattern for #Bitcoin,
It was 77 days from white till flipping green and 224 days from white to next local high.
Like/retweet if you think we arenโt too far off from flipping green!
Comment if thereโs something we arenโt seeing. ๐๐ซฃ