u/Itchy-Bother-8191

I’m 24 years old, no college degree and no debt, residing in upstate ny. A year and a half ago, I landed a job with the railroad. Standard 40 hour work week, salary works out to be roughly 85,000 per year. I’ve been doing research on multi family investing for years now and I’ve always wanted to retire as soon as possible. I currently have 27k in a high yield savings account, 11k in my Roth IRA, and I like to keep as little as possible in my checking, usually around 1 or 2 thousand. I live in an area where buying a 3-4 family home for 3-400k is possible, and that’s the direction my brains been headed. Live in one unit, make (maybe) 4-500 bucks per month after all rents are paid, move out a couple years later, and buy another. I can’t wrap my head around throwing 1500 a month away renting when I could be having tenants contribute to equity in a property. Seeing everyone on social media being my age and millionaires just motivates me to get there on my timeline… hopefully by early to mid 40s. Stocks are definitely the safer, less stressful way to go about it, but I’ve always had this dream and I want to try to make it work. I’m aware of the hassle that comes with being a landlord, but I’m ready to deal with it. I’ve never made a Reddit post but just decided to see if anyone had any feeback they’d be willing to share on if this is a good plan, or if I’m just way better throwing it all in the s&p.

I’m 24 years old, no college degree and no debt in upstate ny. A year and a half ago, I landed a job with the railroad. Standard 40 hour work week, salary works out to be roughly 85,000 per year. I’ve been doing research on multi family investing for years now and I’ve always wanted to retire as soon as possible. I currently have 27k in a high yield savings account, 11k in my Roth IRA, and I like to keep as little as possible in my checking, usually around 1 or 2 thousand. I live in an area where buying a 3-4 family home for 3-400k is possible, and that’s the direction my brains been headed. Live in one unit, make (maybe) 4-500 bucks per month after all rents are paid, move out a couple years later, and buy another. I can’t wrap my head around throwing 1500 a month away renting when I could be having tenants contribute to equity in a property. Seeing everyone on social media being my age and millionaires just motivates me to get there on my timeline… hopefully by early to mid 40s. Stocks are definitely the safer, less stressful way to go about it, but I’ve always had this dream and I want to try to make it work. I’m aware of the hassle that comes with being a landlord, but I’m ready to deal with it. I’ve never made a Reddit post but just decided to see if anyone had any feeback they’d be willing to share on if this is a good plan, or if I’m just way better throwing it all in the s&p.

I’m 24 years old, no college degree and no debt. A year and a half ago, I landed a job with the railroad. Standard 40 hour work week, salary works out to be roughly 85,000 per year. I’ve been doing research on multi family investing for years now and I’ve always wanted to retire as soon as possible. I currently have 27k in a high yield savings account, 11k in my Roth IRA, and I like to keep as little as possible in my checking, usually around 1 or 2 thousand. I live in an area where buying a 3-4 family home for 3-400k is possible, and that’s the direction my brains been headed. Live in one unit, make (maybe) 4-500 bucks per month after all rents are paid, move out a couple years later, and buy another. I can’t wrap my head around throwing 1500 a month away renting when I could be having tenants contribute to equity in a property. Seeing everyone on social media being my age and millionaires just motivates me to get there on my timeline… hopefully by early to mid 40s. Stocks are definitely the safer, less stressful way to go about it, but I’ve always had this dream and I want to try to make it work. I’m aware of the hassle that comes with being a landlord, but I’m ready to deal with it. I’ve never made a Reddit post but just decided to see if anyone had any feeback they’d be willing to share on if this is a good plan, or if I’m just way better throwing it all in the s&p.