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Updated almost 8 years ago,

User Stats

41
Posts
6
Votes
Gaston Barua
  • Investor
  • Palos Verdes Peninsula, CA
6
Votes |
41
Posts

8k/ month to quit my job?

Gaston Barua
  • Investor
  • Palos Verdes Peninsula, CA
Posted

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

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