How can I reach my goal?

[Brittany King]

Hello all,

Thank you for taking the time to read my post. I have a goal to net 10k a month in passive income from my investment properties within the next 4 years and I’ve worked out some of the numbers

Multi Family 100 units netting $100 per door per month

Single Family 50 units netting $200 per door per month

Multi Family 100 units divided by 4 years is 25 units a year

Single Family 50 units divided by 4 years is 13 units a year.

I would prefer to go the multi-unit route but how can I purchase 25 units in a year?

I have 10k saved and my credit score is in the 750s. I just need help formulating my plan past this part.

Any advice would help. Thank you all have a great day! 

[Caleb Heimsoth]

@Brittany King is 10k all the money you have to do put towards this goal?

If that’s the case, I don’t want to tell you you’re being unrealistic, but you’re being unrealistic.

This doesn’t happen overnight and and I just don’t see this happening in 4 years. Within 10-15 maybe, but not 4.

I invest in a very affordable market where I can buy multifamily for 15k a door. At 100 does that’s 1.5M in real estate and 375k in downpayment money alone. You don’t get there in 4 years.

Give yourself 10-20 and take it one small step at a time. That’s the best advice I can give