All Forum Posts by: Felipe Lopez

Hi Felipe, thanks for your service! I am assuming you are at Ft. Hood?  I was there too, many years ago...1st CAV :)

Seems like you have a great, and very achievable goal...If you were to pick up 2 units every year that cash flowed at least $150 per month each, you would be able to reach your cash flow goals in 10 years. Have you considered maybe buying a 2-4 unit to save on the down payment and house hack while building your rental portfolio? If you bought a 4 unit in your first year, you would be ahead of your goal by 2 years and build some great equity and cut a lot of your personal expenses as well. You could also look to buy 2 SFH's each year. Tenant's tend to stay in those homes longer and the rents could command a bit of a higher price if you are in at least a somewhat desirable, clean and quiet area. There are definitely some great options for you, and if you are looking for building something slow and steady, a couple SFH's or a duplex a year would get you where you want to be. Hope this helps!