Need $2500 Residual Income to quit

[Grant Bublitz]

Hi,

How quickly do you think this can happen? I am looking to buy a mutli family this year and rent out units while living in one . I want to add more from there.

Experts, how quickly did you reach this goal?

[Ryan Dossey]

You need to determine how much you will want to cash flow by door. What type of markets will you invest in. A class your investment is safer, your cashflow is lower, and your entry price is more. C class you cashflow more, don't appreciate, and have more turnover/upkeep. House hacking is a great idea. That alone will cut out alot of expense for you. If you can cashflow 200 a door you would need 12.5 doors. So is that 4 multi family units? or 13 SFR? You need to decide how you will find properties, will you self manage them, and will you do your own work? I have similar goals.