All Forum Posts by: Nick Gober-Keller

I think it depends on many things....What are the 1-2 deals?  What is your income compared to your mortgage and other expenses (assuming you have a mortgage)?  What are the properties in the deal?  Sure, it can be done. But I believe it is fair to say it is pretty improbable. 

However, here is an example of that working.  I know of an older couple (late 60s, early 70s) who essentially did what you are suggesting.  One deal they purchased was a 4 unit apartment building, 2 bedrooms (and therefore tenants) per unit. They cash flow $5500 off this as they have no mortgage and had enough money to buy the property outright.  It is in a college town so there are plenty of potential tenants and the unit is almost never empty.  

Their second deal was in another neighboring college town, a townhome with 3 bedrooms.  They cash flow $1500 a month on this one because again, no mortgage. 

The could gained the money to purchase these properties outright with no mortgage due to an inheritance from one of their parents passing away.  Now the couple can live comfortably in their retirement off the $7k that is coming in every month. 

You can see how unique this situation is, but my point with sharing it is it can be done.  Keep working and researching and you can achieve financial freedom.  Might take more than 1-2 deals, but you will get there if you keep at it :)