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Updated about 8 years ago,
Realistic Goals for First Time TK Investors?
Hello, and thank you for the awesome content on here...
My investment partner & I are looking to start investing in turnkey real estate, particularly through Norada.
Our target investments are smaller multifam's in the Midwest. We're trying to focus on properties with favorable cash return (less on appreciation), RV rations of at least 1% & ROI of at least 10%.
We are both physicians in our mid 30's. We like our jobs, but we're looking for passive income.
We are hoping to invest $200-$300k of our own cash annually, and we're also hoping to reinvest all of the cash for 10 years.
The goal in 10 years is to eventually earn $300k ($150k each) annually in perpetuity. Unrealistic? Sorry for the nebulous scenario. We'd just like a realistic goal and we're trying to figure out more or less how much to invest annually to reach that goal. We are both pretty busy guys with service type jobs, and we realize that the passive type of investing will result in more modest returns
Also, I hate sounding like a newbie member, giving off the vibe of "what can you do for me? Please give me advice." Hopefully you don't need medical advice ;o) and who knows, you may even want to partner with us one one day.
Thanks!
Felix