Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 1 year ago,
I'd Like Advice On My 10 Year Plan
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