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Updated about 1 year ago,
Turn 500,000 USD to 8K monthly cashflow from real estate - possible?
Hey there, big pockets.
Here is a theoretical question and I'd like your take on it, whoever you are and wherever you are.
Mister X has 500,000 USD. He doesn't have credit score or a fixed job - he's an artist, so his income is irregular.
Mister X wants to put his money into real estate and get to a point where he has a passive income of minimum 8K per month, in less than a year.
He only wants to deal with Real estate, with real physical things that he can see. No stocks or bonds or anything like that.
Is that possible? Or a silly fantasy? What would you do if that person was you?