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Updated about 2 years ago on . Most recent reply

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2
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Doug Martin
  • Tampa, FL
12
Votes |
2
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20k a month in passive income?

Doug Martin
  • Tampa, FL
Posted

I am just begening in real estate investing obtaining as much knowledge as I can before I dive in. I understand that real estate is a slow grind and in by no means of getting rich quick. My first goal of mine was wanting to produce 30k a month in passive income but then i thought that may be reaching for someone just starting out.....so i lowered it to 20k.......Any idea how much time and money it would take to accumulate that many assets? Can it be done? Where do i start? Im currently in Florida and I also live in California. For capital I'm willing to invest in the venture is in the range of 1.8-2.3m. 

Most Popular Reply

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1,100
Posts
701
Votes
Mark Gallagher
  • Flipper/Rehabber
  • Allentown, PA
701
Votes |
1,100
Posts
Mark Gallagher
  • Flipper/Rehabber
  • Allentown, PA
Replied

@Doug Martin

Lend $2M at 12% and you'll obtain your $20,000/month passive. I would say that's pretty easily attainable. 

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