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Updated over 11 years ago,
How long to build 1.5-2k in CF?
I graduated University in 2009 and at the time my goal was to travel and see the world. After this winter 5 years later I will have accomplished my goal. Now my new goal is building cash flow of 1.5-2k from rental properties so I can quit my day job if I wanted and focus on my next goal in life.
I would like to be able to accomplish this in 5-6 years. Starting next August I will be moving to the Gulf where I can save 25K (conservative est) a year to use to invest with. I will most likely be an out of state / country investor so will be focusing on where the numbers and outlooks are the most promising for buy and hold. I will have roughly 1 month off in the Winter and 2 months off in the Summer to travel to the US to look for properties and do all or most of the preparation and ground work.
With that said, is my plan too ambitious? Any recommendations or strategies would be most appreciated.