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Updated about 8 years ago on . Most recent reply
The "buy a rental every year strategy" - is it a good one?
Can anyone share thoughts or experiences on buying one rental every year strategy?
On paper it looks like I could essentially replace my income when I get to two dozen rentals cash flowing a few hundred dollars a month.
Is this a good strategy for a part time investor? Has anyone done this? Did you stick with it? If this is not a good plan, what would you suggest instead?
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David Zheng
#4 Real Estate Deal Analysis & Advice Contributor
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- Saint Louis, MO
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I thought I would only be able to buy 1 property per year when I started last Dec. I'm on my 10th property one year later. Lets say I learned ALOT on how to creative finance/find investors. here's some more motivation. After PITI, Expenses, Reserves, Dividends to investors. I'm cashflowing $8.6k a month.
My point? Reach high!