How to Get $10,000 in Cash Flow Per Month

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There are many ways of getting there. You could have 10,000 of net cash flow per month by owning as few properties as possible and paying them off as quickly as possible. Or you could have a net $10,000 cash flow permonth by owning many properties, each of which have mortgages on them. Oftentimes, the same people who want their rental properties to be as passive as possible are also people who don't want to put a huge amount of their own money into building out their portfolio.

#455: Yvette recently retired with the goal of reaching a $10,000 monthly income from her real estate investments. Should she put her money toward debt payoff or portfolio expansion?

Carly wants to buy a second home and convert her current home to a rental. What are the pros and cons of tapping into existing equity versus saving cash for a down payment?

An anonymous caller plans to move back to her touristy hometown in six to seven years. Is it smart to buy something now and take advantage of a thriving Airbnb market?

I tackle these three questions in today’s episode.

Enjoy!

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