An effective wealth building strategy

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One couple, two incomes.

Live on one, save the other.

Buy first 4plex FHA.

Live in one unit, accelerating savings.

Accumulate downpayment for building #2.

Buy building #2 with 25% down.

Resist temptation to increase spending; saving accelerates due to income from building #2.

Buy building #3.

Rinse.

Repeat.

Assuming we’re talking about 4plexes that cost in the range of $800-900k, repeating the above strategy four times results in you retiring with $3+MM (maybe much more, depending on how good the deals were) in equity in today’s dollars 30 years from now.

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