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Shane Butler · 08-10-2011, 06:28 AM

I am a 22 year old in college and I aspire to be a millionaire by 30, realistic goal wish I had got the bug earlier, but a way to do it at least where I am from is through rentals. Especially niche rentals, in the city where I went to school I went to a small private college in St. Augustine, and the rental market is on fire there. We built a house that I lived in at 90$ a sqft with the land just costing us 30,000. Built one small cottage 3 bedroom and rent it for double our mortgage, insurance and tax payment per month. I lived in it when we needed it now I just manage the house. We now almost have enough money just from the rental income alone to put a 30% down payment on another cottage.

Rental market is on fire because people can not afford the mortgage and our walking away from their loans. So affordable niche rentals are where it is at, especially in a young or college town.

08-10-2011, 06:28 AM	#36 (permalink)
Shane Butler Junior Member Join Date: Aug 2011 Posts: 1	Real Estate/Rentals I am a 22 year old in college and I aspire to be a millionaire by 30, realistic goal wish I had got the bug earlier, but a way to do it at least where I am from is through rentals. Especially niche rentals, in the city where I went to school I went to a small private college in St. Augustine, and the rental market is on fire there. We built a house that I lived in at 90$ a sqft with the land just costing us 30,000. Built one small cottage 3 bedroom and rent it for double our mortgage, insurance and tax payment per month. I lived in it when we needed it now I just manage the house. We now almost have enough money just from the rental income alone to put a 30% down payment on another cottage. Rental market is on fire because people can not afford the mortgage and our walking away from their loans. So affordable niche rentals are where it is at, especially in a young or college town.