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Updated about 4 years ago,
How to turn 100k in 100k annual income
What’s up BP.
I have 3 Residential Rental properties for a total of 7 units and 4 garage units. Fully rented monthly income of just short of 5k that equates to about $2700 monthly cash flow after mortgages and property management fees, not including repairs/upgrades. They are all C class/ b- class properties.
As you all are aware this year has been an unprecedented one and also unprecedented for me as far as repairs go and trying to get decent contractors as well as dealing with a property manager who in some ways is solid but in other ways seems in over her head.
I love investing and the idea of being aggressive in pursuit of financial freedom. As of now all I know is multi-unit residential investing strategy that includes finding below market value deals and trying to turn a $700-$1000 profit per month, per property.
I’d be lying if I said I wasn’t growing weary of this particular investing style and process. Which leads me to the idea of liquidating in hopes of investing in a bigger and more consistent style of passive income. Which leads me to the questions of how to turn 100k in a six figure or close to six figure income? Any thoughts?