Whats your ideal monthly income? How many homes/doors will you need to achieve this?

[Justin Brickman]

As I've been on my investment journey, my investment goals have changed. Initially I wanted to acquire 20 rentals, but now I believe 10 would be a great number for me. 

I'd love to hear about the journey and end goal of other investors - How have your goals changed? Are you shooting for a specific number of properties/doors or a monthly income amount? 

[JD Martin]

My goal at the beginning (it's in my podcast) was just to stick some cash I had saved up in something that would pay better than the pathetic interest I was making at the bank. Having built my own home I had hands-on skills with houses so I thought it would match up well with what I could do. Eventually it grew enough that the income started outpacing what I was making from going to work. It eventually allowed me to retire earlier than I might have otherwise. When I first started I really had no goal whatsoever for a monthly income amount. After a few years I realized that probably 10 houses would about replace my W2 income. I kept going and just kept plowing the money back into rehab and buying more houses and never really thought about a monthly income amount. 

These days I'm retired and have no real needs so I don't think about those numbers any more. I'm as comfortable as I could have ever thought I might end up.