Can I turn $10k into $100k of passive income?

Chris SeveneyBusiness Member
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Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
3y
Quote from @Mike Schorah:

Can I buy houses for $500 down with subject to?

I was thinking about finding a renter and rent it out for $1,200-$1,500/mo.

that is not passive, that will be very active.
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Wayne Brooks
Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
3y
@Mike Schorah Total fantasy.
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Christian EhlersBusiness Member
Real Estate Agent · NH & MA · Member since 2021 · 457 posts · 291 votes
3y
Getting a Zero-money down deal is very rare, even with SubjectTo or seller financing, so I wouldn't count on it. You could probably do 1-2 deals with $10K depending on the situation/market you find. Just be sure to keep money in reserves as I've seen many people look to low money down strategies but get in trouble once they actually acquire the property because the cashflow isn't as great as they orignially thought after capex/maintenance.
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