I'm on page seven and still stuck on the fact that you guys can budget 1k a week. You must not be in california lol although none of you care I'm young so let me know if this is a good idea. i plan to buy a multifamily as my first home and get into real estate investing (while putting money in 401 and stocks of course) so by time i retire i hope to have atleast like 5-10 properties and live off my retirement and rental income. ill definitely have to buy out of state though.
sounds like a good plan.
the best thing to do is find a mentor. someone that is doing successfully what you want to do and then let them teach you how to do it . better than learning from a book or a class in college.
we had several feeder drivers that have rental properties . one driver only had a couple. he only wanted to make enough to pay his mortgage. another had 7 and he is only in his twenties. does all the repairs and managing himself. probably a millionaire by now. he really hustles and loves what he does.
my grandparents started with a duplex. let the other half pay for their half. raised 7 children and had a full happy life on other peoples money and the money my grandfather made was used for other investments. back in the old days this was very common.
have you read the Rich Dad Poor Dad books? these will give you some good ideas. but once again learning from a mentor would be the way to go.