Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago on . Most recent reply

User Stats

2
Posts
12
Votes
Doug Martin
  • Tampa, FL
12
Votes |
2
Posts

20k a month in passive income?

Doug Martin
  • Tampa, FL
Posted

I am just begening in real estate investing obtaining as much knowledge as I can before I dive in. I understand that real estate is a slow grind and in by no means of getting rich quick. My first goal of mine was wanting to produce 30k a month in passive income but then i thought that may be reaching for someone just starting out.....so i lowered it to 20k.......Any idea how much time and money it would take to accumulate that many assets? Can it be done? Where do i start? Im currently in Florida and I also live in California. For capital I'm willing to invest in the venture is in the range of 1.8-2.3m. 

Most Popular Reply

User Stats

1,100
Posts
701
Votes
Mark Gallagher
  • Flipper/Rehabber
  • Allentown, PA
701
Votes |
1,100
Posts
Mark Gallagher
  • Flipper/Rehabber
  • Allentown, PA
Replied

@Doug Martin

Lend $2M at 12% and you'll obtain your $20,000/month passive. I would say that's pretty easily attainable. 

Loading replies...