Madison MoneySports - Personal Finance Thread

[WRXtranceformed]

For me I think its a 10-15 year 'investment' in both time and money, that I hope would include a bunch of houses.  My thinking is that houses in the $150-200k range, probably in Richmond, that I can rent out enough to net $500/mo after management fees.  One house by itself I agree is not worth the hassle but if I can find a good property manager that'll be key.  This might be a pipe dream, but, one of my goals this year is to get rolling on this.  

I'm sure as shit not buying a new construction, $450k house to rent, that's just stupid.

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I like the part where you described yourself as a real smart kid. 

I think everyone agrees commercial is where it's at... but I doubt he has the capital so that's moot. The question is how he wants to diversify and how much he wants a side hussle to get there. Your and my retirement goals tend to be more mathematical in getting the most money with doing little. Not everyone is wired that way. Some like the hussle.

Yeah that statement in bold is how I'm defining "smart".  What would I know though?  I'm not already fast approaching a lifetime financial goal before the age of 40 or anything 

Did your custom house include wider doorways so your head fits through them?

No custom house purchased yet, but it's in the plan for the future!  I'm more concerned about custom toilets deep enough to handle my huge package without having to touch that cold water every time