I know everyone’s situation is a little different so I’ll explain a little and have you guys jump into my shoes for a sec.
I bought a fixer upper in Hawaii 2 years ago, a year after being stationed here on behave of the Airforce’s needs. I fixed it up and rented it out to some of my military buddies during the time. I met my future fiancé here in Hawaii as well and we are doing the exact same thing with her townhouse. We live in her place now and we fixed it up nice too. So now we have two properties in which together, we hope to take home about 150k once sold from what our real estates agents have said and by checking out the near by comps.
Fast forward to today, I’m getting medically discharged by the military because of my bad back condition and my girlfriend is voluntarily getting out too in hopes of pursuing her IT career. We love to save money so we have some nice cash stored away and other than buying our town homes, we don’t invest because we don’t feel educated enough to do so.
Well now we are looking at Tennessee because well it’s cheap, nice for us to live at and yeah... cheap. With the money we have saved up and the money we hope to get from our townhouses, we kinda want to cash in on a place in Tennessee and live mortgage free. We believe that would be true freedom. We could pick up some part time jobs and just pay bills and have more time to enjoy ourselves at home with no stress at all at a very young age. But... something tells me we could do much better in this world, be able to afford getter things and experience more. Idk... what do you investors think? I’d love some outside opinions from investors and those in pursue of passive incomes and such. I know we like nice cars and big houses like everyone else, i mean who doesn’t want to have them but freedom seems to be knocking at our door and that makes us think long and hard about our possibilities.
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source https://www.reddit.com/r/RealEstate/comments/e36p4x/mortgage_free_smart/
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