How can I reach my goal?
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!