Wondering if my Goal is possible in the next 12-15 months?
Hello BP friends,
I've been contemplating on one of my goals, and wondering if it's possible to accomplish in 12-15 months? My goal is to have $2,000-3000 (ex. $2,500) of passive income per month from my investments.
Wondering from someone starting out and really dedicated to put in the effort and work would it be possible? A few things about me: I'm near the Houston area, have a credit score near 800, really have been studying real estate, from multi-families, to creating llc's, understanding cashing, etc, but my income is probably one of my weakess areas, even though i've saved enough for a downpayment and have a constant history of work.
I'm thinking for this to even work, I'd have to go with commercial/multi-family units, as SFH can take some time, and I'd probably want to find property in a good neighborhood?
Just wanted to hear your honest thoughts and suggestion, wheter it's "possible", or I should "steer away". Thanks.