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Updated almost 7 years ago on . Most recent reply
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How to invest in apts without a high income?
I make 150K a year right now but I work 2,000 miles away from home and from my wife. I'm miserable. So in 6 months, I'm taking a job back home making 100K a year.
Can I realistically buy an apt building (as many doors as I can) on that income? Or should I be looking into some alternative?
Reading through some forum posts, I'm finding that syndications require 'accredited' investors, which I am not.
FYI - end goals are to have 10k relatively passive income a month - in perpetuity. I may 1031 exchange later, certainly will buy more, I don't know. It may take 10 or 15 years to make that. (i'm hoping only that long)