Ashleyquilty
Confused about dryer sheets
My name is Ashley and I am a 33 year old married mother of two from North Carolina. I am actually already retired, but I feel like I really need to diversify our income stream. I was an English teacher, but after I had our two boys, I realized I didn't really like that whole working thing. Luckily I have a partner who supported me in drastically downsizing our lifestyle and investing his income into a rental real estate portfolio. I happened to buy super low-end rental properties (most were from $13k to $50k) at the best possible time (starting in low point of recession), and just recently tipped our income over the threshold where I had replaced my husband's income. We have a property manager who takes care of all the properties, so we are now both completely retired.
We own 10 properties (total portfolio value probably just shy of $1M) and have about $100k cash savings. We bring in about $6k/mo in rent and have about $4k in regular expenses (which will decrease as we pay down our 3 mortgages). The reason I am here is twofold: I want to diversify our investments and income stream more and create generational wealth for our boys. I had planned to buy another rental or two with the cash we have saved, mostly because I don't really know what else to do (I'm a bit of a one trick pony). Any advice is welcome!
We own 10 properties (total portfolio value probably just shy of $1M) and have about $100k cash savings. We bring in about $6k/mo in rent and have about $4k in regular expenses (which will decrease as we pay down our 3 mortgages). The reason I am here is twofold: I want to diversify our investments and income stream more and create generational wealth for our boys. I had planned to buy another rental or two with the cash we have saved, mostly because I don't really know what else to do (I'm a bit of a one trick pony). Any advice is welcome!