Passive Income Real Estate Plan
Goal: 2,000 KD Monthly Income from Properties
This means owning properties generating 2,000 KD in monthly rent after expenses.
Step 1: First Property (Year 1-3)
- Buy an apartment for 70,000-90,000 KD
- Monthly rent: 350-450 KD
- Use rent to pay the mortgage
Step 2: Second Property (Year 3-5)
- With growing equity, buy a second property
- Small villa or two additional apartments
- Cumulative rent: 800-1,200 KD
Step 3: Diversification (Year 5-10)
- Add a commercial property (office or shop)
- Total rents: 1,500-2,500 KD
- After paying off loans: net income 2,000+ KD
Golden Rules
- Don't over-leverage: Installments should not exceed 40% of your income
- Keep an emergency fund: 6 months of installments
- Choose reliable tenants: Families and institutions are better
- Proactive maintenance: Preserves property value and tenant satisfaction
- Follow the market: Use Aldeerh to track price trends
