Yes it seemed angry and complainy. But to me it seemed overwhelmingly defensive about justifying whatever her own lifestyle and choices might be.
Yep. Agree!
I can see how the idea of having 14 rental properties might seem beyond the imagination for some people (including me).
It really isn't that hard to understand. Facts in evidence in the referenced article:
Their regular salaried gross income was in the $70,000 to $80,000 range, with another 50% side hustle based on additional work at their employer or at a 2nd job.
Spending was about $20,000 a year, which is quite believable given the size of their living quarters and that they only had one simple car.
So, available income to invest with was $50,000 to $80,000 a year after taxes.
Let's say they found a $100,000 house that would rent at a profit with a 30 year, fixed mortgage and a 25% down payment. That's $25,000 to $30,000 in purchase expenses including closing costs and minor repairs.
8 * $50,000 = $400,000 minimum investable income. $400,000 / $30,000 = 13 1/3 houses. Throw in rental profits from 13 houses and they could swing the 14th house.
8 * $70,000 = $630,000 likely investable income. $630,000 / $30,000 = 21 houses. They only had 14 houses, the slackers. :) Of course, most of the mortgages had been paid off, so they weren't really slacking. :)
If they got a better deal on the houses when they bought them, they needed to spend less cash and could more easily get 14 properties.
If they made money on the house flips when they sold them, that would also help them meet their goals.
And if they used some of the creative real estate methods using owner financing, that would also help them.
Hard, persistent, detail oriented work? You bet? Unbelievable? Hardly.
But Megan seems to maintain a thick layer of resentment directed at people who can get their shit together to have those investments.
Very true. Because if her finances are a mess, and someone else with fewer advantages did so well, either they are lying or she failed. Some people just can't accept that.