what's your plan for making it?

[Anonymous No.18287660]

>owning 10 houses free and clear
>10k a month cashflow
>manage them myself, probably gonna take some 5-10 hours a week of my time
I didn't even start yet, but I've been reading some books and online articles and this seens achievable

[Anonymous No.18287677]

Youre gonna be stuck because once the prices get cheap enough to buy, youre also gonna have a hard time finding the lenders to over-leverage like that.

[Anonymous No.18287679]

>>18287660
I recommend reading unscripted by MJ deMarco.
Might help you on your journey OP.

[Anonymous No.18287698]

>>18287660
you have a poor man's idea of making it

[Anonymous No.18287703]

>>18287660
Putting a bunch of money into dividend aristocrats (or kings) when we hit the bottom.

Basically they pay 2-4% dividends which you can drip feed and grow your investments over time. Helps finding one with good alpha (performance relative to indices).

Been spending my entire day busting my ass over some shitty IT project. I want to become free of this shit.

[Anonymous No.18287705]

>>18287677
srsly this

If you want to invest 10 houses worth of houses in real estate, invest in several reits. Better diversified, more liquidity, less work.

[Anonymous No.18287746]

>>18287660
you will die poor and miserable

[Anonymous No.18287809]

>>18287660
Your first mistake was choosing residential over commercial. Less recession proof and more of a headache. I can achieve very similar cap rates on my commercial leases by structuring them NNN with all pass through to tenant. Residential is just a headache, tenants complaining about paint, tile, etc etc. Commercial tenants are leasing your space to do one thing, turn a profit. They don’t care if the paint is fading, the carpet has a few stains, etc. I can lease a space for min 5 years, NNN with rent escalations of 3% in year 2 and 4% in year 4. I’m commanding around $9.5/sf in rent rates, before pass throughs are calculated in. After proper financing I can attain an IRR in the high teens. Best part? Despite my tenants being registered legal entities, they all sign personal guarantees. Haven’t had a rent issue yet knock on wood. Since rates are at historical lows I’ve been rolling my excess cash flow after debt service into more properties. So long as I maintain a DSCR above 1.35 while maintaining 90% occupancy I do not feel like I am overleveraged. Good luck anon

[Anonymous No.18287831]

>>18287705
Normal man can’t properly leverage a REIT. Even one with mediocre credit and income can attain 5x leverage on the physical asset. You are correct though, REITs do have fundamental advantages over brick/mortar RE