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Updated over 11 years ago on . Most recent reply

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William Baptist
  • El Paso, TX
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Getting started: Analyze My Plan

William Baptist
  • El Paso, TX
Posted
Hello everyone I am about to jump in and get wet. But, I have one question first. My plan is to invest $20k/yr to start my real estate business. My objective is to purchase a four-plex (that's generating $100/mth per unit) the first year and then a single family unit the following year and continue this cycle for next eight years. Is this too much? suggestions?

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Brandon Turner
#3 Questions About BiggerPockets & Official Site Announcements Contributor
  • Investor
  • Maui, HI
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Brandon Turner
#3 Questions About BiggerPockets & Official Site Announcements Contributor
  • Investor
  • Maui, HI
Replied

Hey @William Baptist nah, sounds pretty good to me! Just make sure you get a killer good deal. Here are a couple articles you might especially enjoy:

How to Make a Million Dollars from Real Estate

How to Buy a Small Multifamily Property

Hope that helps! Welcome to the community, and don't forget to add a photo!

  • Brandon Turner
  • Podcast Guest on Show #92
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