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Updated over 7 years ago,
Can I produce $3k net per month with $130k down in multifamily ?
Long time listener to the podcasts, first time asking - I've $130k to invest. I've flipped homes for 4 yrs. I manage private and rental properties as my full time job. I'm looking at investing into multifamily properties. I would like to produce $3k per month net passive income, with my $130k as my down payment. I guess I'm looking at anything or multiple units up to - $600k range, depending on down payment required..!
My question is - Is it possible to produce $3k with $130k in multifamily ?