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by aggieben 4295 days ago
I think if I were you (25, statistically likely to be single), I would live in the cheapest accommodations I could stand and use the mostly-excess portion of that 100k to buy rental homes in cash. Do that for a number of years, and it won't be long before you have passive income and you can make your 100k and work at whatever thing makes you most happy.

If you don't like real estate, then pick something else: save a bit longer and buy a pizza franchise. Save for a few centuries and buy a football franchise. Buy some other kind of small business. Learn an investment strategy that makes you a few percentage points annually.

> Is there a way to get a ...decent salary...doing very little from 9-5?

This is generally called passive income, and you don't get this on someone else's payroll. You have to get there on your own.

1 comments

This is a workable plan, but as a note, I had a friend in this exact situation do this exact thing (except with 4-plex apartments instead of houses). He burned out pretty quick. Dealing with tenants can take a lot out of you, especially if you try to leverage yourself by buying properties in the bad parts of town.
My answer to that would be either (a) be more selective with the tenants and (b) consider hiring a management company after the first few properties. They take a bite of of the profit, but it might be worth it in the long run.
As a landlord:

A) is rather hard, profiles and credit reports don't tell the full story and lots of odd things happen during a lease.

B) makes sense when you have >2 units to lease (SFR, flats, whatever) and at least one is cash-flow positive. And they will save your mental health.