How many units needed before you hit financial freedom, and why?

[Lauren Akins]

Hey everyone! I am currently trying to get all my ducks in a row and have a long-term plan outlined. I know real estate investing will be the way I achieve my financial freedom. My vision of financial freedom is, of course, having my assets pay for my livelihood but also allow me to buy more assets to grow. What I'm trying to wrap my head around is a realistic number of units I need to achieve this goal. At my W-2 job, I am making around 60K a year. This amount is fine because I am keeping my expenses low. But I also know that this amount of money won't sustain me year-over-year for the rest of my life. I haven't put an exact number on what my end goal is yet, but it's more than 55K a year lol.

I'm aware that this COMPLETLY depends on the deal. What's most important to me right now is the cash flow of the deal. Appreciation and tax benefits are just icing on the cake. 

I would love to hear everyone's stories as to how many deals/doors it took for you to achieve your financial freedom and, ideally, a breakdown of what those numbers look like. Now is the time to brag! lol 

[Joe Villeneuve]

Somewhere between 1 and 100...or more.  There is no way anyone can answer this question.  Only you can. 

It's all based on:

1 - The end financial goals as you stated (actual numbers with $$$$ in front).  Your numbers, not someone else's.

2 - The market or markets you will be investing in (this changes with time)

3 - The strategies (not strategy) you will using in each of the different markets you will be investing in.