Andrew Holmes 2-5-7 Formula

[Corey Robinson]

Hi Guys!

I was listening to "The Rental Income Podcast" with Dan Lane and one of his guests Andrew Holmes spoke on a way to build a great foundation for your portfolio when you're starting out and how to pay it down in 7 years.  Here's the formula:

Andrew’s investment strategy adheres to what he calls the “2-5-7” formula. In 2 years, the goal is to accumulate a minimum of 5 properties and pay them off in 7 years. Andrew said, “The formula doesn’t change, it’s just the number of properties, how much cash flow you want to create, and you scale based on that.”

http://rentalincomepodcast.com/his-simple-formula-...

So my first question is has anyone heard of this method and implemented it? 

My second question is can this work with Turnkey properties?

Thank you in advanced!