Flip or hold?

[Lisa Misuraca]

I'd love to retire but need about 60,000 income a year to be comfortable.

Don't really like the idea of being a landlord,but it seems to be the best plan.

Would love to use a property manager or management co.

Thinking 6 to 8 ,$50 to 60,000 single family homes purchased with cash renting for from 600. To 800. Per month Thinking I'll get better appreciation on homes.

Or is it better in any way to just buy and 8 plex

Thanks,Lisa

[Chris Martin]

Don't forget to count all your expenses. 6 to 8 houses at $800/month RENT will most likely yield roughly from $31,680 (6 * $800 *.55 * 12) to $42,240 (8 * $800 * .55 * 12) per year... pre-tax. Your depreciation allowance will (most likely) greatly reduce your current tax liability, so you can probably treat those numbers as comparable to your post-tax W-2 equivalent. I am using 45% total unencumbered expenses with reserves, but not including mortgage or (non-cash) depreciation allowance.