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Updated over 5 years ago on . Most recent reply

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How would you get $4000/mo in cash flow with this scenario?

Nicholas Daniels
Posted

Alright here’s the goal: get to $4000/mo in passive income in 4 years with these parameters. You can househack or use fha, home possible, etc, etc. Be creative whatever you need to make it happen. Lay out how you would execute the goal. Passive meaning you have to use a property manager at some point.

Credit score: 720+

Debt: $0

Current savings: $15,000

Savings each year that’s available to invest: $35,000

Timeline: 4 years

Most Popular Reply

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Aaron K.
  • Specialist
  • Riverside, CA
3,801
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Aaron K.
  • Specialist
  • Riverside, CA
Replied

Oof. That is a really tough one, I'd go back and readjust my timeline. But to get as close as possible I'd start once you start it'll get easier, so step one is get pre-approved for your first property, it is probably going to be an FHA house hack on whatever you can get for $300k ish in your area given your current savings, more if you are willing to wait for the $35k per year to build that up a bit should be about $3k per month.

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