What Is Your Net Worth Or Passive Income Goal?

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What Is Your Net Worth Or Passive Income Goal?

Russell BrazilBusiness Member
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Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes

This post was just inspired by @Jason Scott who just posted on FB how most people will never achieve $10 million, $100 million net worth etc (and theres nothing wrong with that) (Also, in like a decade on here Ive never been able to tag Jason even though I have super power moderating capabilities).

So I was curious what is everyones net worth goals? Or your passive income goals? My net worth goal is $7 million.

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Bjorn AhlbladPro Member
Investor · Shelton, WA · Member since 2017 · 6k+ posts · 6k+ votes
6y

@Russell Brazil I am 75 so no empire building. I have a net worth of about 4 mil and 8k rental income. I have 2 goals left: 1. never learn to say "Welcome to Walmart" and 2. never learn how to operate a cash register!

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  • James Perdomo
    Real Estate Agent · Bronx, NY · Member since 2017 · 88 posts · 55 votes
    6y

    17MM net worth goal. 100k passive income.. then I’ll kick the bucket 🤠

    1Reply
  • Avery CarlBusiness Member
    Real Estate Agent · USA · Member since 2016 · 909 posts · 1k+ votes
    6y

    My passive income goal for the past year has been to get to $10k a month (from my LTR income only. I don't even like to count my STR income as that is used solely for down payments for more properties). I am currently about 1 deal away from hitting 100k a year in LTR income. Which puts me at 3-5 away from 10k a month. I think I can hit it by the end of the summer. Then it's time for a new goal!

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  • Kai Van Leuven
    Investor · USA · Member since 2015 · 325 posts · 447 votes
    6y

    @Gary L Wallman

    I like your style. I am the same way. The last few deals I have done my wife has been saying “we don’t need more, just hang it up.” The problem is, I love making deals and working on houses. Frames a vaulted ceiling yesterday and it looks amazing.

    I used to have a goal of 100m net. I think I will fall way short of that but I have things (marriage, kids, coaching wrestling) that have come up in life that have made me redirect my focus. I could not tell you my net worth or my monthly net income because I don’t really keep track. My only goal is market rents and being 100% full.

    How I invest is “see the deal, but the deal”.

    2Reply
  • Ron Singh
    CA · Member since 2014 · 244 posts · 47 votes
    6y

    @Russell Brazil

    $100 m worth in real estate investment and 50k+ monthly cashflow

    so, I can help community without worrying about finances.

    0Reply
  • Johnny Lau
    Investor · San Jose, CA · Member since 2015 · 89 posts · 46 votes
    6y

    8-10 million plus net worth 

    25-30k/mo passive income 

    It’s a good goal to reach for, and the path is set...

    0Reply
  • David Green
    Rental Property Investor · Montgomery, AL · Member since 2020 · 14 posts · 5 votes
    6y

    My first goal is to be able to retire by 40 which is 8 years from now. Then I'd like to build my portfolio to 85k a month working just 10-15 hours a week because I don't believe you can manage a real estate business that size with no work. My ultimate goal is to build generational wealth that my family can continue to grow long after I pass.

    0Reply
  • Lynnette E.
    Rental Property Investor · TN · Member since 2018 · 2k+ posts · 2k+ votes
    6y
    Originally posted by @David Green:

    My first goal is to be able to retire by 40 which is 8 years from now. Then I'd like to build my portfolio to 85k a month working just 10-15 hours a week because I don't believe you can manage a real estate business that size with no work. My ultimate goal is to build generational wealth that my family can continue to grow long after I pass.

     $85k a month?  I'd expect to have  a whole lot more work that 10-15 hours a week.  Assuming you having a PM for the properties?  So would it be checking up on the PM?

    0Reply
  • David Green
    Rental Property Investor · Montgomery, AL · Member since 2020 · 14 posts · 5 votes
    6y

    @Lynnette E. Yes assuming I have a PM for my properties but I also plan to employ younger members of my family to groom them to continue the business.

    1Reply
  • Account Closed
    Rental Property Investor · Brooke Park Drive · Member since 2018 · 1k+ posts · 2k+ votes
    6y
    Originally posted by @David Green:

    @Lynnette E. Yes assuming I have a PM for my properties but I also plan to employ younger members of my family to groom them to continue the business.

     You are the man! Love your podcast

    0Reply
  • David Green
    Rental Property Investor · Montgomery, AL · Member since 2020 · 14 posts · 5 votes
    6y

    @Michael P. Lol not that David Greene but I’ve got that before

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