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Updated almost 8 years ago,
8k/ month to quit my job?
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