For Mustachian landlords,
Does this make sense? thoughts? I am looking for the fastest option to get to FIRE, let me know what you think
FIRE strategy:
Strategy 1:
$5000 in 401K
$5500 in IRA
$5500 in Roth
$6500 in HSA
the rest in taxable
all invested in Vanguard (except for 401K) and do the waiting game for the next 12-15 years
investing $30,000/year
Strategy 2:
$11000 in IRA
invest $20,000 per year in downpayment for a rental property ($100,000 purchase price)
save the rest in taxable
purchase 1 house per year with net profit of $500/month.
rinse and repeat for 10 years until $5,000/month in net profit.
Strategy #2 will be sooner but riskier, it involves hardwork, and loose capital. but guarantee is solid than Strategy #1, with the market fluctuating a lot lately.