$500k to $200k cash flow
I want to develop a 3-5y plan to turn $500k into $200k/year cash flow. I’m comfortable in the commercial space but also considering Multi Family. Most of my current 40k sqft is healthcare.
Help me develop my game plan.
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@Thomas Willingham In columbus OH I've done 2 deals better than a 40% CoC return, which is what you'd be looking for. One was with VA financing which made my initial cash outlay very minimal, using the 0% down payment. This is not scalable.
The other time I received an INF CoC return was by pursuing the BRRRR strategy. Which to be honest I think there was some lucky timing with that one. Although, this is scalable. My suggestion would be for you to BRRR a larger MF property. Maybe even like what @Mark H. Porter said, 50+ units. You may need more operating cost on the rehab/construction side of things. I've used short term capital for operating cost.
That's the goal I'd pursue! All the best