Reaching $25,000 in Monthly passive income in 7 Years

[Jesse Freeman]

That's my goal. just getting started into investing in real estate and will have my first property under contract hopefully within the next couple of months.

I'm planning on reaching this goal through buy in hold in the St. Louis area.

Any tips or advice is gladd welcomed. And I'm going to continue to engage and learn as much as I can from getting out their and from engaging everybody on BP.

Thanks =)

[Darren Budahn]

Good luck reaching your goal.  Although to reach those kind of numbers in the rental game, I would not consider that to be passive income.  

My simple advice would be to buy good cash flowing rentals below market value, manage them yourself, and keep re-investing the profits as future down payments on your next rental.  Repeat as often as you can.

If you are able to purchase in cash below market value and then refinance out and get all your cash back out with no seasoning, you can certainly accelerate the whole process if you have the connections to make all those different things happen.