Buying Real Estate with Cash. The safe snowball effect

[Samuel Iwu]

I recently watched the bigger pockets podcast with Brad Dantonio as the guest. Brad bought 5 properties with cash in order to maximize cash flow and retire early. After thinking about it, wouldn't it be wise to do the same but while you are younger. Basically use the cash flow and your income to keep buying properties in cash. In terms of numbers it seems reasonable. First save and buy a property in cash that will cash flow $1,000 a month. Now along with your income you will save to buy another house with the additional $12,000 a year from cash flow. Keep doing that till you have 5 properties that will cash flow $5,000 a month. After that, if possible, you will be able to add your income and the 60k each year in cash flow to buy two houses.After that year, your total monthly cash flow goes up to $7000 a month. Looking at how this can safely snowball, is this a bad idea?