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Updated over 4 years ago on . Most recent reply

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Corey Julian
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What is the average loan count one should take on?

Corey Julian
Posted

I am looking at purchasing my very first duplex(es) with in 90 days with a lofty goal of acquiring 20 units per year over the next five years and will re-evaluate after that. My wife and I are professional nurses and I’m retired and a disabled vet with a total annual income of over $400k. Would anyone suggest a limit on the number of loans I should acquire before attempting to maybe pay one or two off? Thanks for all of the insight. I love the forum.

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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
19,417
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied
Originally posted by @Corey Julian:

@Joe Villeneuve you’re correct. I actually do have those numbers. My goal is to clear $300 per door which equates to $30k monthly. At that point, I’ll feel comfortable if I decide to actually retire (I love my job, so probably not), but I can reduce the amount of time that I’m here.

 But you defined your goal in number of units, not in number of dollars.

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