New Member Introductions
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated about 9 years ago on . Most recent reply
New Member from Arizona
My goal is to put $1.5 million that I've earned into 10 rental properties creating a passive income of $10,000.
Any help along the way from members will never be forgotten.
Most Popular Reply

Tat, your goal is very achievable. However, you need to be selective. The numbers do not work in a majority of the deals. One thing I did was I purchased a portfolio of 16 properties for $1.1M cash which will be generating $90,000 to $100,000 per year cash flow (with hiring a property manager). There are deals out there where you can purchase a portfolio of properties. The location and quality of the property are crucial to achieving long term appreciation, retaining long term tenants and attracting quality tenants.
If I can help you in anyway, please do not hesitate to contact me.
I wish you luck and I know you will succeed.