top of page
  • Writer's pictureJustin Yurong

Here’s How Many Rental Properties It Takes To Be Financially Free

Everyone has their own definition of financial freedom. One person’s definition might mean they’re all caught up on their bills. Another person might define financial freedom as being debt-free. There’s no right or wrong answer, because freedom means something different to everyone.

My definition of being financially free is to have my living expenses covered without NEEDING to work a job to pay for those expenses. I want to maintain my desired lifestyle without a regular paycheck.

And if you want to get to this point of freedom through owning rental properties, it doesn’t take as many properties as you might think.


Let’s imagine it takes $4,800 every month to fund your lifestyle. This would be comprised of your rent or mortgage, car payment, food, gas, entertainment, etc.

Let’s also imagine you’re working a full-time job which provides the income to pay for those monthly expenses. And you would like to profit $4,800 every month through rental properties to replace your job income. If you did this, your rental income would fund your lifestyle, rather than your job.

So, you would be free to live without needing to work.


If your goal is to generate $4,800 in profit every month through rentals, then how many properties would you need to own?

Short answer: it depends

That answer depends on how well your properties cash flow, or profit.

Let’s imagine you’re purchasing quadplexes (4-unit buildings) that profit $200 per unit. This means each quadplex would generate $800 in profit ($200 x 4 units). In this scenario, you’d only need to buy 6 quadplexes to generate enough income to fund your desired lifestyle that costs $4,800 per month.

If you were purchasing duplexes (2-unit buildings) that profited $200 per unit, you’d need to buy 12 duplexes to generate that $4,800. In this scenario, each duplex would generate $400 in profit ($200 x 2 units).

And if you were purchasing single family homes that profited $200 per home, you’d need to buy 24 homes to generate the same $4,800.

The point is, you don’t need hundreds of properties to become financially free. You just need a few (depending on your goal).


If you’re interested in owning rental properties to achieve this version of financial freedom, then try this.

  1. Review your spending over the past couple months to find out how much money it takes to fund your lifestyle every month.

  2. Once you figure out how much you spend each month, write down how many properties you’d need to own to pay for those expenses with your rental income.

* Assume that each unit will cash flow at least $200 per month for planning purposes. Of course, you'd need to buy your properties at the right prices to ensure they cash flow accordingly.

These two steps should help you build a plan that will guide you as you seek rental properties.

If you have any questions about real estate, or if you or anyone you know is looking to buy or sell a home – ANYWHERE in the world – please contact me. I would be more than happy to chat.

If you want to learn more about real estate, finance, or fitness, please subscribe to the website to be notified of any new articles. Thank you for taking the time to read this. I appreciate you.

Justin Yurong

163 views0 comments

Recent Posts

See All


bottom of page