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Updated about 10 years ago on . Most recent reply

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Tat Lay
  • Glendale, AZ
0
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New Member from Arizona

Tat Lay
  • Glendale, AZ
Posted

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

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86
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Craig Lessler
  • Investor
  • Scottsdale, AZ
61
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86
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Craig Lessler
  • Investor
  • Scottsdale, AZ
Replied

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.

  • Craig Lessler
  • Loading replies...