Goals

[Jason Fowler]

I wanted to start off by saying this site is amazing and the people on here are awesome and always willing to lend their expertise. I am a Chiropractor who has always been interested in real estate for many years. I always had a retirement strategy which involved real estate. I have done a lot self improvement seminars and exercises and one thing I do very well is set up my goals 1,3,5, and 10 years down the road. I am interested in buy and holds. This makes the most sense to me as far as cash flow and being truly wealthy (time wouldn't be a restraint). My first milestone is to replace $6000 per month in income through rentals. I would like to own 63 units within a 10 year timespan. Starting next year 2014. I was wondering if my calculations were accurate and would like some advice on an investor who has done this as far as...how long did it really take? How much cash flow / unit is realistic (incld. the 40-50% rule) / month. I know it depends on the region..my region would be Chicagoland and St. Louis, MO

Thanks again for your feedback! I'm anxious to get started...working on my savings and down payment for the first rental as we speak!