059 | How We Reached 105% Financial Independence before Age 30 with 3 kids on a Single Income

Yesterday was my 30th birthday and also Sunmarie and I’s 10-year anniversary!

I am happy to announce that after 5 years of concerted effort, Sunmarie and I have achieved 105% Financial Independence!

The last 5 years have been a whirlwind, we went from:

• $0 to $2+ Million in Real Estate Assets
• 0 to 12 rental units
• We started Airbnb’s, Turo Rental Car Business, Amazon FBA Business
• $0 to $218,000 in Gross Passive Income
• 2 salary incomes to a single income
• 0 to 3 kids

In the last five years, we’ve bought 4 properties (12 Units).

We House-hacked each one, starting with a 4-fam, then 3-fam, then another 4-fam, and now a single fam.

With each purchase, we bought more and more of our freedom.

What is incredible is that we now own $2 Million Dollars in Real Estate, and my wife and I did it all on one income, no borrowing from friends and family, just a single government-employee salary and conventional lending.

We bought them for down payments of $43k (10%) + $52.5k (15%) + $124k (20%) + $36K (10%) + $40k (Total closing Costs) = $296K

So for $296k we’ve been able to leverage all this real estate to now bring in over $200K a year in Gross Rents.

From this rent we are pretty much financially independent already – but once the mortgages are paid off – we’ll have an additional $83K a year of Net Positive Cash Flow we will get to keep.

I love real estate… We get cash flow from rent from leveraged assets and in less than 30 years we will have these free and clear, cash-flowing assets that have been paid off by our tenants. Not to mention the appreciation and tax deductions that come with real estate as well…

I’m not saying its been an easy path, not in the slightest, we’ve had to make sacrifices: Wife and I lived in a small bedroom in a house with 9 adults and just 1 bathroom so we could save that initial $43k downpayment. Raising a family of 5 in less than 1000sqft apartments we would house hack.

We are starting to enjoy the fruits of our efforts, two months ago we were able to buy a great home for our family without sacrificing our freedom. It’s not lavish or extravagant, but it has a backyard with a creek running through it. It backs up to a lake, with woods and a swimming beach and it’s on a Culdesac. We and our kids couldn’t be more excited! and the best part is, the rent we will be getting from the unit we move out of will cover the mortgage on our new property!

Hope this didn’t come off as too braggy, we definitely are proud of what we’ve accomplished, but more so want to inspire others and show that it can be done, and it is so worth it! And that you really don’t need an empire to buy your freedom, just a few strategic househacks. So wait on your dream home, buy a househack, read my case-study to see how: www.FamVestor.com/Triplex