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Updated almost 5 years ago on . Most recent reply

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Ray Stewart
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Is this a realistic goal?

Ray Stewart
Posted

Hello BP community, I’ve read tons of articles, as well as listened to podcast on here and now I feel is a good time to start engaging with the community! 

I’m a year out of college and I like everyone on here have a dream of financial freedom. I have goals in real estate that I want to make sure are realistic and would love your feedback/experiences. 

My first goal is to make $2500 a month off rental properties in the next 4 years. My savings is not huge (15k) but I’m living way below my means and saving as much as possible. As far as how I’m going to get there I’m not 100% sure yet and I’m building a plan as we speak. 

I can’t decide if I should do a flip to grow my money faster, brrrr(I’m not really a handy man so both of those methods are intimidating) buy a duplex that just needs a little bit of work and save for the next property? 

I know I have a lot of work to do, and trust me I’m researching like crazy right now. I can’t wait to read what everyone has for me! Thanks!


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