I am ~38 make 135k-150k per year, no non mortgage debt. I owe ~70K on my house (150K value, it's not overly nice), and I should have that paid off in 18 months. I try to keep ~10K reasonably liquid, and 10K in cash for "Oh crap" money. I also try to increase my liquid cash by 1.3k every month.
My plan is after I finish paying this house off to buy another house to rent out, and pay it off. Then buy a nice house for my wife and I to buy and live in, and pay it off over a 15 year mortgage. After I buy the nice house my plan is to buy 2 houses to rent out, and pay those off, and repeat on the rental property so 1/2 of my rental houses are paid off to help lower my risks. I know it's not the fastest way to build assets, but it should be low risk.
Does this sound like a good plan? Or am I way off target?
Submitted March 15, 2019 at 03:18PM by chuckthisbitch65 https://ift.tt/2u7c6wT
