Posted by Geoffrey Faivre-Malloy on December 06, 2000 at 01:51:00:
Here’s my current plan. To those of you who are “doing it” already - that is, you’re doing real estate full time, does this plan sound realistic or am I over optimistic?
5 Year Plan to NO J.O.B.
Year 1
Monthly Positive Cash Flow at end of Year 1: $1000.00 (Gross)
10 Houses must be sold for the year (non-wholesale)
440 Offers must be made for the year
10 Offers per week
Assuming 5 hours per offer = 50 hours per week
Expected Result: 1 Sale Per Month generating minimum of $100 positive cash flow per house.
Year 2
Monthly Positive Cash Flow at end of Year 2: $2000.00 (Gross)
10 Houses must be sold for the year (non-wholesale)
440 Offers must be made for the year
10 Offers per week
Assuming 5 hours per offer = 50 hours per week
Expected Result: 1 Sale Per Month generating minimum of $100 positive cash flow per house.
Year 3
Monthly Positive Cash Flow at end of Year 3: $3500.00 (Gross)
15 Houses must be sold for the year (non-wholesale)
440 Offers must be made for the year
10 Offers per week
Assuming 5 hours per offer = 50 hours per week
Expected Result: 2 Sale Per Month generating minimum of $100 positive cash flow per house.
Year 4
Monthly Positive Cash Flow at end of Year 4: $6500.00 (Gross)
30 Houses must be sold for the year (non-wholesale)
440 Offers must be made for the year
10 Offers per week
Assuming 5 hours per offer = 50 hours per week
Expected Result: 3 Sales Per Month generating minimum of $100 positive cash flow per house.
Year 5
Monthly Positive Cash Flow at end of Year 2: $10000.00 (Gross)
35 Houses must be sold for the year (non-wholesale)
440 Offers must be made for the year
10 Offers per week
Assuming 5 hours per offer = 50 hours per week
Expected Result: 3 Sales Per Month generating minimum of $100 positive cash flow per house.