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Updated over 6 years ago on . Most recent reply

User Stats

4
Posts
1
Votes
Karina Torres
  • Philadelphia, PA
1
Votes |
4
Posts

“My credit score is very good, but my income is low”.

Karina Torres
  • Philadelphia, PA
Posted
Hello, my name is Karina.I’m a recent graduate with a BS in International Business & Accounting. I’m curranly taking real estate classes at Temple University. A friend referred me to this app so I can expand and develop my knowlage in real estate investment. I am in need of a mentor that is willing to help me achieve my goals.What should my first step be ?

Most Popular Reply

User Stats

545
Posts
613
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Ray Johnson
  • Irvine, CA
613
Votes |
545
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Ray Johnson
  • Irvine, CA
Replied

@Karina Torres regarding your goals, you'll want to define them a little more, 7-10 properties for passive income is a little vague, I would advise a few business models based on several paths forward.

1) On the 7-10 properties, How much net income per property are you trying to obtain? This can determine the type of properties you obtain, and how much time you have to invest in obtaining this income target. Keep in mind the number of properties is irrelevant it's the amount of passive income you're trying to obtain, whether your target can be done with 5 properties of 15, it's the income target that should be the goal not the number of doors/properties. 

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