Realistic Volume of Lonnie Deals in a year?

[Joe Sullivan]

I'm working on my first Lonnie Deal hitting parks on the weekends. I've flipped a couple of houses but am looking for a way to build passive income so that I can quit my job. Have others here been able to build up enough passive income in Lonnie Deals to make it their sole source of income? Or is it generally something done in addition to other real estate investing.

[J Scott]

Originally posted by Jason Robinett:

I for one am "planning" to do two per month, which would be $2400 per month first year and $4800 per monoth the second year. Could you live on that??? I could.

The big issue here is that the OP was asking about passive income, and with Lonnie Deals, a typical note is going to be paid off within a couple years, so while you may have decent passive cashflow after two years, if you don't keep doing deals, that cashflow will go away a year or two later.

So, to maintain cashflow from Lonnie deals, you'll need to keep doing them, which means the income isn't truly passive.

But, given that limitation, I certainly agree that you can do enough Lonnie deals (in some areas) where you can likely replace your full-time income pretty easily.