Starting my road to 100 Units by 40yrs

[Ernest Partin]

I am from the Boston, Ma area. I am now starting my rental property portfolio. The goal is 1000 plus units before I am 40 yrs old. I am now 33 yrs old. I know lots of investors on here can help with some professional knowledge. Everything counts. 

[Kath Marie]

I will be the cynic here. Sounds like a nightmare. No thanks. 

My two cents for what it's worth -

Theory does not translate to reality. **** happens. All the time. 

Your cash flow estimates will probably be too high. Not to mention once it starts building your expenses will grow dramatically outside of the scope of the actual unit (payroll, banking, accounting, legal, office, and such). Let's use even a simple task: 

1,000 units is 1,000 leases. Most leases are 1-2 year leases. Let's assume 1.5 years avg. Thats 660+ leases per year. 260 business days in a year. About 2.5 leases that have to be signed daily by all parties (credit/background/application/move in coordination/proper utility transfer). 

Foolish to plan 7 years ahead with such a specific goal (has to be 1,000 units).  Markets constantly change. Technology constantly changes. Bubbles, crashes, company relocations, macro Econ, micro Econ, marketing platforms, airbnbs, lead generation tools, and so much more. How can you possibly know today how to make the correct plan for 7 years from today?

Slow it down. Get 20 units. See how you like it. Make proper adjustments, changes, and continue if It suits you. Learn your markets, make wise decisions, gain experience. 

Rentals are great for the mom and pop who want to sit on a handful of them for retirement. They're terrible Investments for scaling and building big business out of. Logistics are terrifying. That's why hedge funds sucked at it (they have unlimited resources btw).  That's also why buffet didn't buy single family homes. 

Also per a basic calculation on time left till your 40 and how many units you want you should have of already purchased 8 properties since starting this thread. 

Much better,faster, easily scalable ways to make a few million yearly in RE other than being a landlord. 

But enjoy the ride. 

;)