Updated 5 days ago on . Most recent reply
BRRRR to slow for me!
I’m a nurse and just picked up
My 12th SFR. These are all amazing B properties in great school districts and I'm holding mortgages on 10 of them. After PITI, Capex, repairs and vacancies( 5%,5%,10%) we are cash flowing $5600 dollars /month. I am grateful for this and we have worked our butts off for the last 6 years to build this portfolio. It's just taking longer than I thought to make my original goal of 10-15k a month just from real estate investing. Im not even sure if I have question, more so just seeing if anyone else every felt like this. I know I'll eventually hit my numbers I just don't want to be in a job I hate for the next 10 more years.
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Don Konipol
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Don Konipol
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First, congratulations are in order.
I’ve known a couple of investors who owned 100 - 300 SFR, and while they were successful it was much more of running a business than an investment.
My experience is that to have an INVESTMENT in real property that cash flows at $120 - 180k per year you would have to move into commercial/multifamily. Cash flowing that amount in SFR is more a business rather than investment. Nothing wrong with running a business, but most people dream of a more passive income.
I’ve known a couple of investors who owned 100 - 300 SFR, and while they were successful it was much more of running a business than an investment.
My experience is that to have an INVESTMENT in real property that cash flows at $120 - 180k per year you would have to move into commercial/multifamily. Cash flowing that amount in SFR is more a business rather than investment. Nothing wrong with running a business, but most people dream of a more passive income.
- Don Konipol
Private Mortgage Financing Partners, LLC