How Many BRRRs To Cross the Road To Freedom?

[Casey Groves]

So I'm wondering how much cashflow people generally find they can clear per month for each BRRR property they are doing. Let's assume you've bought a house at a fairly good price either off market or on the MLS. There's a loan I can work with in my area to purchase and rehab houses for low money down (and then refinance out after the rehab). I just want to know how many BRRR duplexes, 4 plexes or single family's it will take to get to $4000 per month which will get my family to the other side of the Rat Race given our current cashflow vs. expenses breakdown. Would love to hear your thoughts on this. Thanks so much

[Evan Polaski]

@Casey Groves, I agree with Jaron, IF you can find a property that can cash flow $200/month with real expenses and adequate reserves, you are doing well in my market as well.  

I mention adequate reserves because I see a lot of people under reserving, in my opinion.  5% per month on $1,000/mo rent is only $50.  If a fridge goes out, that wipes out more than a year of reserves.  Roof replacement: about 10 years of reserves at 5%.

That being said, if you can find it, you would need 20 units for $4,000/mo.  40 units @ $100/mo.