Updated almost 12 years ago on . Most recent reply
My path as an investor
Hi guys,
My goal is to have $20000/ month in three years after taxes from real estate. After many months of educating myself through podcasts on BP, forums and also YouTube videos this is what I hope to achieve. I have developed relation with a realtor who understands what I want as an investor. A lender has approved me for 10 homes with 4 homes requiring 10% down if they are homepath homes or 20% on all SFH,and lastly 25% if 2-4 units . I have a CPA who also knows my plans.
I do have a decent job and great credit but very less savings because I sent a lot back home for a projects until I realize how leveraging in this market can propel my goals faster.
I intend to buy at least 5 SFH each year and shot for $80 to $90 000 homes with very little reno cost that rent easily 1300/monthly. My market is great for families and also has highly rated schools. I will like to use creative financing like subject to after buying maybe 3 SFH. Any advice as I start this journey.