Updated over 10 years ago on . Most recent reply
Howdy from N Houston
Hi All,
I'm looking to expand my knowledge about real estate investing. I've got one cash flowing property but want to be a better investor and pick up another before the end of the year. I Iike the buy & hold model for long term cash flows. Can I really retire in 5 years? We will see ...
Most Popular Reply
Welcome @Matt Wilcox- You're in the right place.
A 5 year retirement plan is possible, but you'll need an aggressive plan to get there. You'll need (or have access to) a decent amount of cash for B&H.
Work backwards and determine how much income money you need monthly to live on. Then estimate the cash flow from each property ($300-500 if you buy right in Houston). Multiply that out to determine how many houses you will need. Then spread the number of houses out for 5 years.
That is just a general plan so you'll want contingency plans as well. Good luck!