Submitted by RemediateRemediate t3_10aum0j in newhampshire
norm-m t1_j4aspit wrote
This is my actual goal. My wife and I are Gen X, and see this as completely doable. For those complaining about not having enough opportunities for success, I have a few things to share. This is a long term goal that seemed unattainable when we were 20 yrs old. We lived in a crappy apartment and shared a shitbox car. But, stayed somewhat cautious with spending, maintained excellent credit and bought real estate in down markets. We sold our cabin in the north country for a 300% profit in 2021 and sold my long term rental property just yesterday for a nearly 600% profit. Real estate trends are cyclic. It is important to look at the long game, be patient and be ready for when the market comes back in your favor. It will happen. My wife and I are not extraordinary in any way. Some college, no money from our families, good jobs (not great jobs). The home we live in will be paid off in five yrs and we now have freed up cash for a condo in FL when the market works back around. If someone had told me 25 yrs ago that this would be a reality for me, I would have said that they had no idea what they were talking about.
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