The richest person I've ever met at a closing table wore a Carhartt jacket and drove a 2009 Silverado with 210,000 miles on it
I assumed he was the contractor
He was buying the house next to mine. Cash. His 63rd
He's a retired mailman
We talked in the title company parking lot for 40 minutes and he rearranged my brain. This man delivered mail for 31 years. Never made more than $61,000 in a single year. His coworkers retired with a pension and a bass boat
He retired with 63 paid-off rental houses and around $52,000 a month in rent
I asked him how. He said something I think about constantly:
"One house a year. That's it. Everybody wants ten houses by Tuesday. I bought one ugly house a year for 30 years and let the tenants pay for all of them"
His system was almost embarrassingly simple:
Every year he bought the cheapest structurally-sound house he could find in a working-class neighborhood. The kind of house that scares regular buyers. Bad carpet, ugly kitchen, overgrown yard. He paid $30,000-$80,000 depending on the decade
He fixed ONLY what mattered. Paint, floors, a clean kitchen, working systems. He never once installed anything fancy. "Tenants don't pay extra for granite. They pay for clean and safe"
He rented it out and used the rent to pay the mortgage. Then he mostly forgot about it
Here's the part that made me put my coffee down. I asked him how much of his own money was still in those 63 houses
"None. Hasn't been for 20 years"
Every few years he'd refinance a few houses (the bank hands you cash against the value of a property you own) and use that money to buy the next ones. The tenants' rent paid back every loan. His mailman salary paid for his groceries and that was it. The portfolio built itself off its own rent
Nobody at his job knew. For 31 years. He said his supervisor found out two weeks before he retired and thought he was lying
Then he told me the thing I want tattooed on the inside of my eyelids:
"People think real estate is fast money. It's slow money that gets fast at the end. The first 5 houses feel like nothing. The last 30 bought themselves"
The math on his "boring" pace:
Year 1: 1 house, maybe $400/month in profit after the mortgage
Year 5: 5 houses, $2,000/month
Year 10: 10 houses, $4,500/month and the early ones are half paid off
Year 20: 25+ houses, $12,000/month, refinances funding everything
Year 30: 63 houses, $52,000/month, wearing a Carhartt to closings and confusing 25-year-olds like me
He never had a viral moment. Never raised money. Never watched a course. He bought one unsexy house a year in a flyover state and let three decades of rent do the heavy lifting
Meanwhile people won't start because they can't have 55 houses by age 27
You don't need 55. You need ONE this year. The mailman math works at literally any speed
He shook my hand, got in the Silverado, and drove off to Home Depot. 63 houses. $52,000 a month. 210,000 miles on the truck
Most retirement plans are a prayer. His was a paint roller
If you want to flip a house but have $0 in the bank, you can get funded for up to $150k with a hard money loan or 0% APR credit cards. I'm going to keep sharing what actually works, keep an eye out
there’s a big difference between a winning play, and the best play.
there’s an old chess quote, “when you see a good move, look for a better one.”
good move: get them to fold on the turn when you have 7 high.
better move: get them to call on turn when you have 7 high, THEN get them to fold on the river.
@BGatesIsaPyscho Are you a pussy in public? Oh my god look at the size of that bully (Russia), we better lay down are guns and give them our country. 🤣 not a chance pussy boy
@Glenn_Diesen Cry us a river you piece of shit…. You can’t start a fight and then when you start getting beat the fuck up start screaming their cheating? You guys had 3 days remember…. Now you can start counting the end of your own.
@HomeinRussia You fucking pathetic loser, we are waiting for Putin to reach for the trigger so we can end your communist country for good. Your days are numbered pos
@LoveDoc26@TheApeOfGoldST This could be the most uneducated comment on the internet today. Get a life and stop blaming Jews. They have never done anything to anyone but to some poor minded people they believe just because a person/country is wealthy they must be up to no good and be the problem, Proof?
These $RIVN reviews and headlines means 1 thing: Rivian is well on its way to be the Pepsi of the EV industry.
In every industry, there’s always at least 2 major players. Every Coke has a Pepsi. $TSLA has been the only Coke for EVs. But Pepsi has arrived!
Alright who wants to jump on the Krissy hall of fame bandwagon.
6 bracelets. Possibly the best No Limit Holdem player in WSOP history.
Highroller ✅$25k -> $1.7M
Ladies Event ✅
Online Event ✅
Huge field Events ✅
“Has to have been good at cash too” she was supernova elite crushing online for the last 20 years.
Respected by her peers? She crushes the two toughest stops in the world (Triton & PokerGO)
Deep main event run, the list goes on and on.
Needs to be a good ambassador? Everybody loves playing with her.
Put her in the HOF!
I’m completely obsessed with $RIVN !
Their cars are killing it! I’m going to sell my AMG and buy the SUV.
Self driving from July, can pull my trailer and reaches up to 420 miles!
8 cosas que sé a los 35 y ojalá hubiera sabido a los 25:
1 - No financies un coche
2 - Comparte piso
3- Invierte cuanto antes
4- Crea ingresos fuera de tu trabajo
5- Bebe más agua
6- Caminar está infravalorado
7- Ser buena persona está infravalorado… Mostrar más
Can we just blow #IRAN up already… jeez it’s like arguing with a bunch of kids who didn’t get their way. Anybody who thinks it’s ok to marry little kids and then force them to were sheets over their heads need to be brought to the gallows already for a public display! 🙏