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Updated over 10 years ago on . Most recent reply

Christopher Montgomery's profile image
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Christopher Montgomery
  • from Colorado Springs , Colorado
  • Member since Feb 3, 2013
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Christopher Montgomery's profile image
Christopher Montgomery's profile image
Christopher Montgomery
  • from Colorado Springs , Colorado
  • Member since Feb 3, 2013
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Christopher Montgomery
  • Colorado Springs , Colorado
11
Votes |
73
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Starting Out

Time to get the ball rolling

Christopher Montgomery
  • Colorado Springs , Colorado
Posted

next year I plan to have between 10 to 15k to invest in realestate. As a newbie how do I best maximize this to creat passive income. My plan is to acquire 5 rentals in the next 18 months. Is this at all possible. Any all thoughts would be greatly appreciated.

Merry Christmas to everyone

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Eric Bowlin's profile image
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Eric Bowlin
  • Investor
  • from Plano, TX
  • Member since Dec 13, 2014
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Eric Bowlin's profile image
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Eric Bowlin
  • Investor
  • from Plano, TX
  • Member since Dec 13, 2014
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Eric Bowlin
  • Investor
  • Plano, TX
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Eric Bowlin
  • Investor
  • Plano, TX
Replied

Sure, why not? I don't know if there is any limit to personal drive and ambition. 

15k is a decent amount to get an owner occupied 3 family building. FHA will do 3% down and its a good start if you can take the hit and live in a multi. Thats how I got started and now my wife and I do nothing but investing.

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