The Stack, is it still possible?

[Scott Emsley]

This year (2020), I started my real estate investing journey. I am scheduled to close on a single-family property in Franklin, KY next week (at the latest). This is my first true investment property. I am also watching the "Financial Independence Blueprint" videos, and developing my own plan. My goal is to purchase Single Family Homes that cash flow $200 per home, and Multi-Family Housing that cash flow $100 per unit. I'm lucky enough to have a career that meets all of my expenses. I'm a local (Fruita, CO) and long-distance (Bowling Green, KY and surrounding) investor. I plan to BRRRR early on in the process, and reinvest all cash flow and equity into more properties. My goal is $10,000 per month in cash flow, which could be accomplished with 100 units.

I'm looking for perspective on "The Stack", especially the latter years. I don't need to "see" the whole journey to take the first "step", I'd just like to talk to someone who is farther along in The Stack to get their perspective. Here's my hypothetical stack:

1. 2020 – One Unit
2. 2021 – Two Units (3 Total)
3. 2022 – Four Units (7 Total)
4. 2023 – Eight Units (15 Total)
5. 2024 – Sixteen Units (31 Total)
6. 2025 – Thirty-Two Units (63 Total)
7. 2026 – Sixty-Four Units (127 Total) *Mission Accomplished*

The first four years seem reasonable. The fifth year seems ambitious. The sixth and seventh years just seem... wow! With this exponential growth, the 5th, 6th and 7th years are the most critical to accomplishing my goal. Is this Stack still possible? Please let me know if you have real experience with this, positive or negative. I know that The Stack is just a guide or framework and life often turns out very differently. But, I just want to hear from experienced others. 

[Steven Foster Wilson]

@Scott Emsley congrats on starting out in your investing career! I too have a goal of $10,000/month in pure cash flow, right now i am about 1/3 of the way there, however its with 2 properties (5 units) instead of 30. I just want to challenge your thinking that more units isn't always better. I have chosen a route where my properties were more expensive, but so were the rents.

As for BRRRR I find this to be an excellent source of capital, a couple things to keep in mind is, buy low! add value paint & tile kitchens / baths, add beds and baths where possible!