I'd Like Advice On My 10 Year Plan

[Josh Milewski]

I thought it would be insightful to share my 10 year plan here and see how realistic (or unrealistic) it is from people who actually know what they are doing. 

The first problem I've spotted in my plan is expected too much cash flow per door in the first few years. 

Year 1: 1 New Rental - 1 total rentals - less than $100/Month Cash Flow.

Year 2: 2 New Rentals - 3 total rentals - 300/Month Cash Flow

Year 3: 4 New Rentals - 7 total rentals - 700/Month Cash Flow

Year 4: 5 New Rentals - 12 total rentals - $1,200 Month Cash Flow

Year 5: Trade up to 20 door Multi-Family - at last 20 doors - $2,000/Month Cash Flow

Year 6: Build up money for next MF

Year 7: 1 new 20 door MF - 40 total doors - $4,000/Month Cash Flow

Year 8: build up money for next MF

Year 9: 1 new 20 door MF - 80 total doors - $8,000/Month Cash Flow

Year 10: 1 new 20 door MF - 100 total doors - $10,000/Month Cash Flow

[Nathan Grabau]

This is not unrealistic at all, but I would not hold yourself to it. 10 years ago the 1% and 2% rule were just being talked about and now the market looks radically different. I would just take it 1 day at a time and do the next right thing.