➡ A man named Salkhan, who earns $220,000 a year, lives with his parents in Houston, Texas. Despite the stigma, he chooses to live with his parents to save money and take care of them. He has used his savings to build a real estate portfolio with four investment properties. The discussion revolves around whether it’s acceptable for a high-earning individual to live with his parents and if women would be willing to join his lifestyle.
➡ The speaker is living with their parents and saving money, with a goal of reaching $2 million in assets before moving out. They’re also considering the possibility of their parents and their partner’s parents living together in the future. Despite the challenges this might pose to their dating life, they value the opportunity to spend more time with their family. They plan to move out in the next two to five years, but their parents have expressed a desire to move with them.

Ladies, this. This last one is for you. This last one is for you. Man is making $220,000. Man is making 220, $20,000 and living with his parents. Now, before we play this, because I have not seen this at all. What up, Tia Marie? Yeah, before we play this, because I have not seen this yet. All right, let me ask you all a question. Does it change the conversation now that he’s making $220,000 a year? Because the ladies is used to saying, oh, he keeps saying that his mama lived with him, when in reality he lived with his mama.

What if he making $220,000 a year, is it okay for him to live with his parents? Does that then change the conversation? Because, listen, you all think you all too good to talk to a man and live with his mama. What if his parents really live with him? Hey, I take care of my mom. I take care of my mom and my dad. So I just stay in the basement, though.

Me and my parents, we live together. We saving money. What’s wrong with that? Fellas, if you say it with confidence, then they going to roll anyway. Just have confidence in your conversation and stand on what you stand on. Let’s get into this. It’s a man that says that he’s in Houston, Texas, and he makes $220,000 a year and he’s still roaming with his parents. Make sure you all hit a like for the algorithm.

Subscribe to the channel and turn on your notifications. Let’s see what he’s talking about. The fact that I’m living with my parents, there’s a lot of stigma attached to it. There is a cultural aspect to it where it is required that you take care of your parents. It’s a choice. It’s a choice that I made. What up, man? Be with my parents. And I’m grateful for this choice.

I’m able to save living with my family. I’ve been able to build a real estate portfolio with four investment properties. Looking at the fifth one, I do think my relationship now has been the best with my parents than it has been before. My name is Salkhan. I am 31 years old. I make $220,000 a year, and I live with my parents in Houston, Texas. Now he got four going on five investment properties.

Real estate make $220,000. See, this is why you all want to tell him too early, because she going to judge you and she going to say, oh, he lived with his mama and his daddy. He just a mama’s boy. He just a mama’s boy. He ain’t got no money. He ain’t got nothing because he wearing a turtleneck. Let me tell you something, men that wear a black turtleneck, especially in the summertime, they got Monday.

Men that wear black turtlenecks in the summertime, they got Monday. Yeah. New balances and turtlenecks. Khakis got money. Now he may not necessarily have the suaveness, but I know that that’s not what you all want. You all want tupac in a suit, but we going to get there. I work in tech sales for a software company out in the Bay area. My base salary is 155 thousand dollars.

The rest is just bonus and commissions. I’m on a 70 30 plan, which means my total compass, 230. But that doesn’t mean that I’m capped at 230. I can always exceed the bonuses and it really just depends. Get that money then, big dog. Get that money. One of the things that they have mentioned to me earlier is if you have savings, start off real estate investing asaps. My goal was like to make sure I can have enough savings to go get my first property.

For my four properties, the approximate net income would be $8,000 for the year. Because of the relationship that we have, it’s not like a specific that I have to pay this, this bills. My parents are very relaxed. So let’s say if my parents go grocery shopping, they’re not going to give me like a bill and say, oh, this is the things that we bought for you. Every month I try to give my mother $200 just like a gift.

There has been a couple expenses here and there for my parents medical, so I was able to fit the bill. I would say my biggest splurge would be eating out. And let’s look at his. Now we know that that gym membership is just. Okay, let’s just be real, Sal. That gym membership is just on there. He’s not using that gym membership. All right. Student loans. He need to go ahead and eliminate those.

He’s still paying $234 a month. Insurance is $250. Gas and parking, $300. Discretionary 1400. What is this? Discretionary travel, gifts and entertainment. So he’s just having a good time, this dude spending. What are you spending one $600 a month on food for? I don’t understand. $1,600 a month by yourself on food. And y’all go grocery stopping. Okay. Come on, big dog. He living with his parents because he got a large budget for the food and housing is $2,100 a month.

Now let me see that mortgage on one property. This budget is so confusing. I don’t understand it. I don’t understand this budget. $2,100 a month on housing, $1,600 a month on food. I understand a discretionary. He out there triggering off on some holes because he got to get his little junk wet. Gas and parking. Okay. Student loans. This is a weird budget. Honestly. This is a very weird budget.

I thought that this budget was going to be popping, but it’s a weird budget. Very weird, probably. So he stack, he definitely stacked because he ain’t saying where he putting his money at, but he stacked when he put a down payment of about $100,000 on his first property in April, 2022. In all, I would say about 5 hours a week is what I’m spending on the four rental properties.

Whether it’s maybe scheduling a plumber for the rentals, maybe scheduling electrician if things are not working, or just like checking in to see what some of the investor calls that we have for the storage facility or the rental unit he bought us. Making money is like, you want to still be able to enjoy it and still have the freedom to enjoy it. So I don’t want to overburden myself where it’s too intense.

So I think the limit in my case would be ten properties. That is where I would rather just focus on the ten and really focus on what I have in my investment portfolio versus going over more quantities. No, I’m targeting 50 properties. That’s what I want. I think that 50 will put me exactly where I need to be. So that’s my target goal. I’m sure that once I hit that, I’ll still continue to run the business, like growing it normally, like I was already growing it or whatever, but my target is 50 properties.

I don’t even spend 5 hours a week at all on any of the properties whatsoever. I might spend a couple of hours doing a walk through or checking on what it is that they putting together at the property that I’m building. But as far as the ones that I already have, I don’t spend hardly any time on those properties. So I don’t know what he’s doing. I don’t have no property manager or anything like that, but he’s very smart.

He’s very smart. He buying properties, obviously he bought a storage unit, rental facility. I think that he’s very smart. But here’s the question that we really got to ask ourselves. It’s not even a question of whether or not Sal is doing what he’s doing. The question is, would the ladies be willing to still get on his program. Would the ladies still get on his program? That’s the question.

Would you be willing to live with him and his parents or no? Because I seen somebody. I think it was Tia Marie. Tia Marie said, are we still going to be living with the parents, or is it any problem to get out? I think that was Tia. I could be wrong. The question is, would y’all be willing to get on his program, considering that he makes so much money? But you would, Mika.

Okay. Is there room for a wife and a family in the house? Yeah. Y’all got your own bedroom. Y’all got your own bedroom. Too many singles in a DMV. He don’t got to worry about ladies because his marriage is going to be arranged. He not going to marry a regular chick matchmaker because of his culture. Probably so definitely not. The black ladies might be in an arranged marriage unless he triggered on him.

I’ll be in the basement doing hair, running it up. Not black women. We could live with his parents, but we can’t have loud man, y’all. This is pretty good. Ladies. For his program would be his. Interesting. Keisha says she not doing it. Keisha said, keisha, she said she’s not doing it. I don’t want to know about it. The last one to come to you, $19,000 left. Making the minimum payments of $234 each month.

I don’t know why you’re making so many little payments. Just pay that junk off. I hate debt. And his sisters, his two older sisters live next nearby. So you getting family visits all the time? Megan said, no, my husband makes more money than. Okay, okay. Husband. Get it then close family. And we have maintained that till this day. I do feel there is a part of me that makes up for the lost time.

It’s also the fact know I’m the youngest in my family, so I would get to spend the least amount of time with my parents. I didn’t have that kind of day to day relationship. I didn’t really spend time that much bonding that I do have now. So I think that has been the blessing. There was that missing piece where this is an opportunity that we could use as a family and really improve.

You can go in and you all could be all having family dinner every other day or every single day. You all don’t want to sit there with his family and eat together. The fact that I’m living with my parents, there are some adjustments that I’m making, especially when I look at the biggest adjustment would be my dating life. Though the person I’m dating now is she’s living with her parents.

I’m living with my parents. Look at that. He went and got him an girl. Nina. Nina Maria. Nina Santa Maria. What is Nina? Nina? Look. Japanese. Is Nina Japanese? When we move in together, there is a possibility that her parents, as well as my parents, will be living together. So it’s just like one of those things, merging. Just have to find people that understand your situation. Why do he got Robin Hood 46,000 invested with wealth front, $37,000 in retirement savings? He getting to it, y’all.

He getting to that bag. I have over $200,000 saved. And that’s where I am in the process of getting another property, a duplex here in Houston that I’m actively looking for and use some of that savings that I have to look at all the of little kids there for that, playing a piano and everything. I do plan to move out eventually. I’m thinking in the next two to five years.

I don’t have a specific timeline yet. I think for me, it’s really more about the financial targets that I’m at. I do want to get to at least $2 million in assets before I move out. So that’s my personal goal. I do want to bring in my parents, and that’s only because I do take care of them. They love living with me, and they have explicitly mentioned that wherever I go, they want to go with me.

Now, how about that? How about that? He said that whenever he move, his parents has expressed that wherever he go, they saying that they gonna move with him. Are y’all ready for that? Adriana, are you ready for that? I don’t think that most women is built for that. I don’t think that they care how much money you got. I think that they, like, I don’t want your parents being around us.

When we gonna get our own place? I want to scream. I want to spread out. I want to spread ego. What if you want to bend me over on a couch and all of that? His parents said, listen, wherever it is that you go, we going, too. I hear you, Megan. I hear you, Megan and Roxy. So that’s curry and white chairs. Whole part of that where, especially as they get older, they’re definitely more needs.

And for me, that’s like my biggest honor. I get to be with them and spend more time. So that’s the idea here. Where we do move out, it’ll be with me and we’ll go from there. So he really not even moving out. He said, when we do move out, they gonna be with me. Our streets ain’t having that. No screaming there, Roxy. Y’all can forget it. Y’all could forget it.

I know y’all thought that y’all was going to be doing y’all thing and. Oh, man, eventually, he gonna move out and we gonna have our own. Not. Not where it is. That’s not what’s going to happen. I walk around with no clothes on. Okay, Keisha. Okay. I see you, big dog. Yeah. All right. .

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