The 31-year-old father of four from Anderson, S.C., went from nearly $100,000 in debt to millionaire status, thanks in large part to a rental real-estate portfolio worth just under $2 million.
His full-time job in medical device sales helped him launch his rental portfolio, which consists of 12 properties, including one short-term rental. Some are co-owned with a business partner, and Sustar collects more than $11,000 a month in gross rent. His portion of the portfolio is worth about $1.7 million.
Sustar moved from there into a higher paying job in pharmaceutical sales, and from there, medical-device sales, which brought him to a six-figure income. With his earnings, he paid off his debt, which included about $60,000 in student loans, plus car and credit card debt. He also financed Mary Beth’s engagement ring.
“I think this thing probably caught on fire at some point,” he said. “And here I am, this new investor.”“We put some $10,000 to $15,000 into it, got it fixed up, and we got a tenant in pretty much right away,” he said. “The same tenant stayed for four years.”Scaling the portfolio hasn’t been without challenges. Boards covered the entrance to a home in Anderson he bought for $90,000 in 2018 that was treated roughly by tenants Sustar ultimately evicted.
As Sustar works toward financial independence without a specific goal number in mind, he has no qualms about parking most of his wealth in real estate, citing the tax benefits and greater control it provides.
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