8k/ month to quit my job?

[Gaston Barua]

Hello BP,

I am beginning the process for the purchase of my first Multi family investment to kick off my goal of reaching 8k in cash flow/ month. I have calculated that at $250 Net Cash flow / unit I will need 32 units to hit that goal. 

My plan is to 1031 exchange my multi family properties after a couple of years to purchase an apt complex.

That being said, My question is: What suggestions can you guys give to make this a reality sooner rather than later? Whats a realistic timeline for executing a plan like this?  Or is this plan not the most efficient way to achieve this? Can this be done in 2yrs?

Thanks a Million!

Gaston

[Jay Hinrichs]

just don't quit your job.. keep stacking up the rentals you will soon find that 8k a month won't be enough especially in PV... as we make more we spend more.. we get married we have kiddo's we put kiddos in private school we save for collage.. we buy nicer cars etc etc.. some parts of the country that's a nice number west coast.. not so much.. as your spending habits mature at the same rate you age.