How to make 10k a month through rental property?

Question

Hello guys,

How can I make 10k a month through rental properties with an investment of 1 million dollar in 1-2 years period. (Without holding any full-time jobs)? How is it possible to make 20k a month in a 3-5 years period?

Thank you

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Jesse Lynch · Answer

Invest in 10 properties for $100k, that cashflow $1,000 a month each.

Invest in 5 properties for $200k, that cashflow $2,000 a month each.

Invest in 1 property for $1 Million, that cashflows $10,000 a month.

Good luck!

John Thedford · Answer

If you have 1M cash, 10K a month is quite possible. Ask yourself how much you want to be involved. Do you want to be a landlord? Do you want to sub out the management? How about investing in 1st lien mortgages? 1M will easily net out over 120K a year in interest...probably more. You can also invest in commercial as a TIC investor, buy REITS (returns won't be as high but you have no participation), etc. There are many options and you need to decide what route is best for you.

Derrick Craig · Answer

Account Closed

You could possibly buy a portfolio of properties already performing and hire a GREAT dependable/honest property management company to mange them for you. Many many options with that amount of money.

Sam Valme · Answer

I'm gonna have to agree with @Roland Thomas on this one. If you had a million dollars to invest. I'm sure if you searched hard enough. You could just hand over that money to an entity that would simply have a written agreement to give you back 10k monthly for the rest of your life. While they made your money multiply in ways you've never imagined.

So the question is, if you have that amount of money and presumably no REI experience. Why real estate? Whats your direction? Are you willing to put up with all of the headaches that go into learning the business and operating? If you really want to ride this train the first thing to do would be to educate yourself. Read the books, listen to the podcasts, attend the webinars, talk to seasoned vets.

Build a business strategy and plan that can grow exponentially and work for you autonomously at the end of the day. A million dollars thrown into real estate without a proper plan holds the same level of risk as throwing that money at a slot machine in vegas. Learn to mitigate the risks and find a path that your comfortable with.

Best of luck!

Attila Vad · Answer

Welcome Account Closed to BiggerPockets,

There are several options you can select from. You can buy turnkey rental packages, you can buy several rentals separately like Jesse suggest. You can find an expert who will work with you and find the best solution.

Account Closed · Answer

Is it possible to increase my rental portfolio without holding a full-time job? How can I finance multiple rental properties without proof of income?

Account Closed · Answer

How much a HM lender can make on 500k?

David K. · Answer

If you've got a million in a retirement account, a lender will count withdrawals as income. You need to show some history to get it to count. My current deal they asked for six months withdrawal history, plus want to see me set up a regular withdrawal, which I can cancel after the loan is closed. If it's not in a retirement account, then I don't know the answer!

How to make 10k a month through rental property?

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