One of the most effective ways to build semi-passive income is to own your primary residence, live in it for several years, then rent it out and purchase a nicer property. If you’re aiming to retire early, over a 20-year career, you could easily build a rental property portfolio consisting of 3-5 units. This has been an integral part of my early retirement plan since 1999.

Not only does this strategy generate more semi-passive income, but it also allows you to climb the property ladder and live in a nicer home over time. However, it’s crucial to do so in a responsible way, as opposed to taking all the equity in your multiple rental properties and buying one premium place.

Throughout my transitions, moving from buying a new home to renting out my old one has consistently resulted in finding tenants within one month. However, this time it took four

Keep reading this article on Financial Samurai.

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