Don Petrasek shares how he wanted to build a rental portfolio that generated income for him to live on in retirement, but he wasn’t interested on taking on a lot of debt or a lot of risk.
On this episode, he shares how he built a small portfolio of quality properties in good neighborhoods, and how he’s been able to pay off several of his mortgages.
Don also talks about how having paid off properties takes away the fear of having multiple tenants not paying rent, or moving out at the same time.
Don shares how he is doing a pre-retirement test run right now, and is taking monthly draws of his rental income to test what it is going to be like financially to retire.
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