Updated almost 4 years ago on . Most recent reply
Fastest route to $10,000/Month Passive Income
I’m at $1890/month passive income currently from 4 rental properties and want to scale to $10,000/month in the next 3 years. What is the most efficient or fastest route to get me there?
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Mike Dymski
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Mike Dymski
#5 Investor Mindset Contributor
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#5 Investor Mindset Contributor
- Investor
- Greenville, SC
Nice to finally see a "$10,000/month" post where the OP actually owns a property.
You are at almost $2k per month already with 4 units...that is strong cash flow if it covers everything (including vacancy, management, cap ex reserves). Sounds like you need 15 or so more units and you are there. Keep doing what you are doing...scale it up using other people's money, commercial loans, and purchasing fixers.