My family and I moved to Central Florida in 1983 to escape the winters of the northeast. After graduating from high school, I went to work in the hospitality business for about 10 years before transitioning into public service for the next 20 years. In 2010, I purchased my first Multifamily investment property, and since then, I’ve held over a dozen mortgages, built and sold multiple new construction homes, and managed several Multifamily rental properties, including a horse farm! All of this while having a family of four, working a full-time job, and earning the median income. The American dream of property ownership is one of the biggest wealth-building tools available to most people, and I know that I would not have been able to achieve the level of financial success that I have, in the time frame that I did, without it! Blessings from God, careful planning and execution, along with some hard work allowed me to retire at 51 years old.
If you make around the median income and you want to retire while you still have your health, you're going to need some form of investment(s) that are working for you while you're working your day job, on vacation, or sleeping. Remember, at some point, everyone is going to need a place to stay! Don't let the naysayers bring you down!! Believe in yourself because, if I could do it, so can you!! Rental real estate offers huge tax benefits which allow you to acquire more properties, faster. Whatever investment you decide to choose, do it sooner, rather than later, because the clock is ticking!