All Forum Posts by: Errol Alexander Dowis

Just realized my math error there. it is 139 units. the question still applies though.

Hi everyone, I am new to the forum and to investing (I am currently working on my first deal) and I have set myself a goal. I want to have an annual income of 500,000 by 2030. Now I have the advantage of having a pretty good starter job and own a budding company so hopefully my first few down payments will be no problem, but there is my question. Based on my calculations, if I was to average $300 per unit per month, which I believe to be realistic in my area, I would need to own 1,667 units to average this paycheck. My question is, how can you scale? would you recommend buying apartment complexes or increasing the value of each unit I purchase? I ask because that is quite a few units to manage even with a property management company.....