Or around $600K in down payments in cash flowing rental properties in the US...
My wife and I spent around $75K to get approximately $1K a month in cash flow (5 doors, $200 each)...
I think the topic is independence, not being a parasite on others who are less well off than you.
Re:My product is my garden
by 1MoreThing on Thursday February 04, 2021 @03:17PM
(#26029295)
It is kind of hilarious how often rent-seeking behavior is called out as evil when it comes to software companies, but actual rent-seeking with real estate is seen as virtuous investment.
$75k for five doors? Might I ask whereabouts? That seems ridiculously cheap per unit.
Not impossible in impoverished areas. A rural trailer park, some section 8 housing in a bad part of town, or maybe they scooped up some single-family units at the bottom of the housing market crash.
$65K for a 4 plex in Del Norte County, California, $10K for a single family in Lee County, Florida. Deals exist, it requires effort and action.
Or about $1 million stashed in index funds, give or take based on cost of living in your location.