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tif Afzal started investing in real estate in 2019 as a way to generate a second income stream and increase financial stability. He bought his first property in Monroe, New York, adhering to a few basic guidelines to maximize cash flow, such as self-managing rentals and purchasing well-maintained townhomes or condos. Five years later, he now owns four investment properties and one primary residence, which Business Insider confirmed using his tax documents.

    Afzal also follows what is known in the real estate industry as the "1% rule," which suggests that a property's monthly rent should be at least equal to 1% of its purchase price to generate positive cash flow. He found this rule particularly helpful in managing his properties, although he noted that it is becoming increasingly challenging to follow in today's market.

    Despite these challenges, Afzal remains optimistic about his investments, viewing them as a long-term strategy rather than a short-term gain. He believes in riding out market fluctuations, much like he would with stock market investments. He continues to look for properties that meet his investment criteria and is ready to make a purchase when he finds a suitable deal.

    Afzal's experience highlights the importance of careful planning and research in real estate investments. It also underscores the need for investors to be prepared for market fluctuations and unexpected expenses. As the market evolves, investors must adapt their strategies to maintain financial stability and growth.