All Forum Posts by: Conor Livingston

My goal is to produce $3k/month profit from rental properties while spending less than 1hr/week on management (e.g. engage a property manager).

I could buy a couple properties in cash, or buy several properties with financing. I'm leaning towards all cash deals right now because:
1. Simplify the buying process

2. Each property puts more $ in my pocket per month (no loans to pay back)

3. Simplify management (less properties to manage)

It seems like I could make more money per month if I buy more properties via financing, but it would require more work.

Am I thinking about this the right way?

Hi all,

I want to invest $200k into buying my own rental properties. I would like to take home $3k/month profit from this (e.g. after expenses). I would like to accomplish this all in ~1 year.

How difficult on a scale of 1 (super easy) to 10 (nearly impossible) is this goal?