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Updated about 10 years ago on . Most recent reply

User Stats

73
Posts
11
Votes
Christopher Montgomery
  • Colorado Springs , Colorado
11
Votes |
73
Posts

Time to get the ball rolling

Christopher Montgomery
  • Colorado Springs , Colorado
Posted

next year I plan to have between 10 to 15k to invest in realestate. As a newbie how do I best maximize this to creat passive income. My plan is to acquire 5 rentals in the next 18 months. Is this at all possible. Any all thoughts would be greatly appreciated.

Merry Christmas to everyone

Most Popular Reply

User Stats

145
Posts
102
Votes
Eric Bowlin
  • Investor
  • Plano, TX
102
Votes |
145
Posts
Eric Bowlin
  • Investor
  • Plano, TX
Replied

Sure, why not? I don't know if there is any limit to personal drive and ambition. 

15k is a decent amount to get an owner occupied 3 family building. FHA will do 3% down and its a good start if you can take the hit and live in a multi. Thats how I got started and now my wife and I do nothing but investing.

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