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Updated almost 11 years ago on . Most recent reply

Advice needed!
Most Popular Reply

@Josiah Charland - it sounds like you're already off to a start with the work you're putting in. The real question is how much cash flow do you need to make this happen? If you need $5,000 / mo and you are getting a 10% cash on cash return on your investments, you'll need $600,000 in cash (equity) invested across your various markets. If you can get by on $2,500 a month, you only need $300k in equity.
There is no single "best way" to achieve this. My recommendation is to set a few key, achievable goals and then develop a strategy. Have you looked at the Ultimate Beginners Guide, yet?
http://www.biggerpockets.com/ubg
That will help you get an idea for what's possible.
Determine how much free cash flow you need to replace your income, and then start building out the strategy to achieve it.