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Updated about 10 years ago on . Most recent reply

User Stats

27
Posts
3
Votes
Doug Silverman
  • Wynnewood, PA
3
Votes |
27
Posts

What is your Net Worth? How long have you been

Doug Silverman
  • Wynnewood, PA
Posted

investing in Real Estate? I am new to the game and just want to make sure my expectations are kept in check. Also, if you buy and hold, what is your monthly cash-flow?

My goal is to own 20 units and retire (from my real job)...

Most Popular Reply

User Stats

1,737
Posts
1,508
Votes
Jeff Rabinowitz
  • Investor/Landlord
  • Farmington Hills, MI
1,508
Votes |
1,737
Posts
Jeff Rabinowitz
  • Investor/Landlord
  • Farmington Hills, MI
Replied

Hello @Doug Silverman . Welcome to BP.  I don't care to answer your questions directly but I am happy to tell you that I replaced my income as a pharmacist 5 to 6 years after I started buying rental properties. It took, perhaps, 13 houses to achieve that. I am still licensed but work 10 shifts or fewer yearly. (I actually worked a shift today and have one scheduled in a couple weeks. That will make 6 shifts for the year so I am due for a vacation.)

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