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Updated over 5 years ago, 04/24/2019
How Realistic is this?
Hey guys,
My question is "how realistic is it to get to 30 properties in under 5 years?" I did the math and if I can get an average of $200 in cash flow per property, this will allow me to live more than comfortably. Im in New Hampshire so the houses aren't terrible and Im not opposed to going to surrounding states once I start to look for more properties, but I am wanting to real dive head first into rental properties.
Im looking at buying my first 2-4 unit in the next 6 months or so and using that to "house-hack."
- If I only make about $40k now with 9% DTI and $6000 saved right now, how likely is it to reach say half of that?
I guess Im just getting into that analysis-paralysis mode and am just iffy on starting. I know this will definitely be a process and am not expecting over night results. I've just heard of people getting about 20+ properties in 4 years with no money starting and I just don't know where to start with that.
Any thoughts help! Thanks!