How long does it takes you to reach 10k/month cash flow?

Question

I would like to have an idea how long does it takes for investors to reach 10k/month cash flow. I understand people from different background will have a different time to achieve this number, I'm trying to calculate how it might takes me so I can plan on my current invest and corporate with my partner.

Taylor L. · Answer

Starting from where?

For example, if you have $2MM in investable assets, you can secure $10k net cash flow almost immediately. Starting with zero dollars in one's pocket, no connections in the industry, and no investor base to pull off of, it would be difficult to build a $10k/month income in a year.

We're all starting from different places, different backgrounds, with different resources. As the saying goes, most people overestimate what they can do in a year and underestimate what they can do in 10.

Can you tell us more about yourself?

Dennis M. · Answer

Well I can say In lower income areas you would need 15-20 units to do that . For most people that would require several years at a minimum of building up a portfolio .

Jinglei Cui · Answer

Hey Bryan, thank you for your answer.

Just curious, what kind of investing tool do you use to help investors?

Bryan Blankenship · Answer

@Jinglei Cui You're welcome! We do a variety of methods, but our main focus is A/B Class turnkey properties. We have several clients who purchase in cash at a discounted price, then refi out after it's been a bit and re-invest that into another property. :)

Bryan Blankenship · Answer

@Jinglei Cui As everyone else has already said, there are a lot of factors that go into it, but we've helped get investors to that point on their own timelines. Usually it's between 1 and 3 years if they're aggressive about it, but it can take up to 8 if they're not. They get there faster if they've diversified and they pay attention. :)

Jinglei Cui · Answer

Hey Al, Can you also tell me how to?

Jinglei Cui · Answer

Did you use any leverage to do that? If so does the loan you use need any past experience?

Eric Lau · Answer

I'm close to that amount with 1 mix use building in NYC. ;)

How long does it takes you to reach 10k/month cash flow?

Most Popular Reply