$250k to $5000 a month?

[Terry N.]

Somewhat hypothetical question. If you had $250k to start with. Could you turn that into $5k+ a month? How (generally or specifically) would you do it? Thanks!

[Jeffrey Furtado]

Yes easily done. But it will depend on your area of course. If you're able to find areas where rental property units (not buildings)are going to be somewhere around 70k to 110k-ish and they meet or approach the 1% rule. Say a duplex at 170k, 1 at 223k, 1 at 175k, a 5 plex at 359k and a triplex at 249k. Cashflow in order above: 790, 920, 1110, 1750, 1231. Imagine 20% down on each, except the 2nd one at 223k -- owner occupied. These are my purchases in the last 14 months. I've been investing since 2009. These will require some work, but nothing major (again, speaking to my portfolio). I started with a duplex in late 2008, early 2009. I am not talking about purchases prior to 14 months ago.