Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

Set A Monthly Cashflow Number To Succeed In Multifamily

4 Jan 2023 · 0 min

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In this brief segment, Christian Osgood emphasizes that successful entry into multifamily real estate investing begins with a clear financial goal. He advises listeners to decide on a specific monthly cash‑flow target—determined by the amount they need to cover their desired monthly expenses. He illustrates the approach by mentioning a goal of $150,000 per year (approximately $12,500 per month) and stresses the importance of creating a concrete plan to reach that cash‑flow figure.

If we're doing rules for to get into multifamily, get started, the first thing you make the decision in your head, what do you want to get to? And I found the best thing to do is that is a monthly cash flow number. What dollar amount do you need to make on a monthly basis? Some people go like, I want to make like $150K a year. Really think about what do you spend monthly? What do you want to be able to spend monthly? Create a plan to that.