My Investment Plan

[Gabriel G.]

Hello Everyone, 

I keep hearing @Brandon Turner preach about having a plan for investing on the podcasts so I figured I would write it down (even though I think I have a pretty good idea in my head of where I want to be). Anyhow, feedback is always welcomed!

Long Term (5-8 years): Have 60 units that generate an average of $100 per unit of passive income.

Mid Term (2-5 Years): Obtain 30 units that generate an average of $100 per unit in passive income so that I can be financially independent. (My current cost of living is about $3000 a month)

Short Term (0-2 Years): Rehab homes in the Baltimore County and Anne Arundel County that have an ARV of around 150K-250K in which I can make a minimum of 20K per deal and use the proceeds to fund my buy and hold properties.

[Shawn Casinader]

Hi Gabriel,

My question to you is how are you going to finance these properties? You do have a great benefit being able to qualify for a VA loan, 0% down and credit is not a big factor. I would start there and may be look at a three or four unit property for your first purchase. I really like the calculators on BP. There are a great tool to analyse deals.

Sincerely,

Shawn