Hi all,
I have a pretty easy but uninspiring and sometimes annoying job. I am eligible for reduced at pension at 50 with 10 years service. I can have it bumped up and end when I am 62. Presumably social Security can take over then. I also get to keep the cheap healthcare but it has a 3k deductible. Its like 150 a month for family.
I got in trap about 14 years ago where i was stuck in a job I hated with out many prospects other than changing industries and taking a big pay cut. I had a mortgage and a house that wouldn't sell. It was then I started thinking of disappearing in my sailboat....
I started learning about real estate investing and eventually found a much better job that I have now. In 2015 I bought a home with VA loan and rented out the one I was living in. I did cash out refi on old address and bought 4 fixer upper townhouses. The next year I took loan against 401K and bought 3 more. Recently I got into buying second homes and have a Cabin in a famous vacation area and a beach house. These are full time AIRBNBs. I am trying to get another before I retire.
These investments are close to replacing my w-2 income. I will still work the real estate and probably keep investing if I can get any more loans with no w-2 job.
One of my dreams is to get a captains license and charter a catamaran where I am the owner. Also wouldn't mind being a fishing guide or travelling in my RV.
Problem is my wife isn't keen on sailing with me because we argue too much. the feeling is pretty mutual. I have a 15 year old daughter and we are very close. She is homeschooled. The other reason my wife can't sail is because she is taking care of her parents who are 83.
Anyway just wanted to share and I am going to read through this forum. I walk a lot and am constantly thinking about what to do with investments and trying to make a good plan for the future. I have been able to work from home some due to pandemic which is nice. I will probably keep the job as long as i am able to work from home some but i see it ending with pandemic.
Any suggestions are most welcome. Net worth is around 1.3M mostly in real estate.
I have a pretty easy but uninspiring and sometimes annoying job. I am eligible for reduced at pension at 50 with 10 years service. I can have it bumped up and end when I am 62. Presumably social Security can take over then. I also get to keep the cheap healthcare but it has a 3k deductible. Its like 150 a month for family.
I got in trap about 14 years ago where i was stuck in a job I hated with out many prospects other than changing industries and taking a big pay cut. I had a mortgage and a house that wouldn't sell. It was then I started thinking of disappearing in my sailboat....
I started learning about real estate investing and eventually found a much better job that I have now. In 2015 I bought a home with VA loan and rented out the one I was living in. I did cash out refi on old address and bought 4 fixer upper townhouses. The next year I took loan against 401K and bought 3 more. Recently I got into buying second homes and have a Cabin in a famous vacation area and a beach house. These are full time AIRBNBs. I am trying to get another before I retire.
These investments are close to replacing my w-2 income. I will still work the real estate and probably keep investing if I can get any more loans with no w-2 job.
One of my dreams is to get a captains license and charter a catamaran where I am the owner. Also wouldn't mind being a fishing guide or travelling in my RV.
Problem is my wife isn't keen on sailing with me because we argue too much. the feeling is pretty mutual. I have a 15 year old daughter and we are very close. She is homeschooled. The other reason my wife can't sail is because she is taking care of her parents who are 83.
Anyway just wanted to share and I am going to read through this forum. I walk a lot and am constantly thinking about what to do with investments and trying to make a good plan for the future. I have been able to work from home some due to pandemic which is nice. I will probably keep the job as long as i am able to work from home some but i see it ending with pandemic.
Any suggestions are most welcome. Net worth is around 1.3M mostly in real estate.