Are you interested in learning how to start a rental property business? Today, I have a great guest post from Nikki, a reader of Making Sense of Cents, on how she started her own rental real estate business with just $30,000. She now owns 28 rental units!
How early do you start to think of saving for retirement? Though it may not be on your radar now, there is a way to start saving without even thinking about it. Now how does that make sense?
By investing in real estate.
That is exactly what my husband and I did!
We started with a small investment of $30,000 to purchase one rental property and less than 10 years later, grew that one investment into 28 units!
All of which are intended to help us retire early and continue bringing in passive income!
Now let’s start from the beginning…
My husband and I married back in 2009. Now, most newlyweds don’t just jump right in to buying a house after shelling out the money for a wedding, not to mention we were only in our early 20’s to begin with, but we were ready to make the leap into home ownership!
We were fortunate to have some, albeit small, savings for a down payment to get us started. If you can recall, in 2009, we were still feeling the ramifications from the Great Recession. [Read more…]