This is similar to Scenario 005 except in this
Scenario we are Nomading™ ten times.
We buy a home to live in with 5% down payment and lender-paid private mortgage insurance (PMI) instead and then a year later we buy a second home to live in, again with 5% down payment and lender-paid PMI. We convert the first one to a rental property.
We repeat this process waiting at least a year between each purchase to comply with the owner-occupant lender requirement to live in the property for at least a year.
If we have less than $10,000 in reserves (inflation adjusted), we wait until we have at least $10,000 in reserves before buying our next property.
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SS 006 Investing $100,000 in Stocks at 8.97%/yr and Earning and Spending $5,000/mo and Buy 10 Nomad™ Properties with 2
Accounts, 1
Property, and 2
Rules.
Or, read the detailed, computer-generated, narrated Blueprint™
I will be adding to this page in a future revision, but wanted to get it posted for you now as I prepare additional Scenarios for upcoming classes I am teaching.
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