I want to build my sources of passive income through property investing. I'm in it for the long haul. Over a period of say 20-25 years, how much in the way of passive income could one expect to attain? Say one spent the first 15-20 years buying up properties and then 5-10 years consolidating and paying off debts (e.g. selling a few properties with increased equity to pay off debts on other properties), what's a reasonable passive cash flow range? Is $200,000 p.a. ridiculous? $300,000? $400,000? Bear in mind, I don't need passive cash flow right away. I'm willing to work hard for 20-25 years to build a successful property investment business, until I get to a point where I can make most of the business passive and happily retire on the passive cash flow.
This might come across as a very naive question (and to be fair, I am still early in my learning journey), and I realise the results will vary widely depending on numerous factors. However, I'm looking for what might be a reasonable and achievable outcome so I can start to formulate some property investment goals. All comments welcome.
This might come across as a very naive question (and to be fair, I am still early in my learning journey), and I realise the results will vary widely depending on numerous factors. However, I'm looking for what might be a reasonable and achievable outcome so I can start to formulate some property investment goals. All comments welcome.
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