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Updated about 5 years ago,
Just starting out. Is this a realistic goal?
Hi everyone! This is my first post here on Bigger Pockets – I'm excited to join the community!
I'm just getting started with real estate investing and like many other beginners, I'm feeling pretty lost.
I've defined a goal for myself, but I'd love to hear your opinions on how realistic my goal actually is.
I'm thinking I can live very comfortably with $5,000/mo in cash flow.
If I want to achieve that in 10 years, I'll need to purchase one cash-flowing property every 5 months or so (given that it cash flows $200/mo).
Of course, this is a "perfect case" scenario and it probably won't turn out as pretty as this. But do you think this is a realistic goal to aim for?
I'm also hearing lots of different opinions on cash-flow vs net worth (i.e. buy cash flowing properties VS buy for appreciation & then consolidate to a MFH later, etc).
Any advice and/or critiques would be much appreciated!
Thanks so much in advance!