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Updated over 8 years ago on . Most recent reply

User Stats

14
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3
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Nola Akilo
  • San Jose, CA
3
Votes |
14
Posts

What to do once I've reached 10 TK properties?

Nola Akilo
  • San Jose, CA
Posted
Hey Everyone, I have a question. My goal is to achieve $4,000/month in passive income from TK properties, using leverage and covering the 20% down payment. I assumed for each property the following: 1. $20K down payment (including closing cost) 2. Single family homes 3. Passive income of $250/month Using this model, if I purchase 10 properties through using leverage, I will net $2500/month of passive income. Since Freddie/Fannie cap is 10 properties, once I reach 10 properties, is it better to focus on aggressively paying down my 10 TK properties to increase the amount of passive income per property? Or to continue to find other financing avenues and acquire more properties? Keep in mind my goal is to amass $4K/month of passive income. Thanks BP family.

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