Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago, 06/07/2018

User Stats

35
Posts
12
Votes
Randal Remon
  • Channelview, TX
12
Votes |
35
Posts

Wondering if my Goal is possible in the next 12-15 months?

Randal Remon
  • Channelview, TX
Posted

Hello BP friends,

I've been contemplating on one of my goals, and wondering if it's possible to accomplish in 12-15 months? My goal is to have $2,000-3000 (ex. $2,500) of passive income per month from my investments.

Wondering from someone starting out and really dedicated to put in the effort and work would it be possible?  A few things about me: I'm near the Houston area, have a credit score near 800, really have been studying real estate, from multi-families, to creating llc's, understanding cashing, etc, but my income is probably one of my weakess areas, even though i've saved enough for a downpayment and have a constant history of work. 


I'm thinking for this to even work, I'd have to go with commercial/multi-family units, as SFH can take some time, and I'd probably want to find property in a good neighborhood?

Just wanted to hear your honest thoughts and suggestion, wheter it's "possible", or I should "steer away". Thanks.

Loading replies...