ASK342: What's the best path to £2k per month? PLUS: What is deal sourcing?
It’s our favourite time of the week - Rob & Rob are back with another round of listener questions.
First up, this listener wants to know the best way to achieve his goal of a passive income of £2,000 a month.
He’s figured out that to achieve this he’d roughly need around seven buy-to-let properties, and he’s got a few ideas of how he can get there.
He’s recently completed a flip with a friend and has around £75,000 in profit that he can use to invest again.
Should he continue flipping until he has enough cash to purchase all seven buy-to-lets at once, or should he purchase a couple of buy-to-lets now, let the market do its work, refinance and then purchase more properties later on?
Next up, we’ve got a question from Kieran in London.
Kieran’s recently come across the term ‘deal sourcing’ and he wants to know what it’s all about. What exactly does deal sourcing mean and is it a good idea?
Tune in to hear what Rob & Rob think.
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