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Updated about 6 years ago on . Most recent reply
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Amount of properties and Monthly passive income
Spent the last year studying these boards and podcasts and BP books before i make the leap into investing, but just out of curiosity, im wondering how many units you guys have and what you collect monthly on average with those numbers?
I live in the philadelphia suburbs and realistically in next 5-10 years would like to own about 5 properties and collect about $300/month on each or more. Thats $1500/month not to mention equity. Then eventually houses paid off and collect possibly $1k/month per property.
Some of you seem to have dozens if not 100s of units and i just cant fathom how much passive income you collect monthly. Am i missing something or are a lot of you multi-millionares?
Just wondering if im setting my realistic bar too low