Guidance Starting Out

[Adam Berlinberg]

I am looking to get started in real estate investing, and looking for guidance. I am not looking to replace my regular job, but rather long term growth with shorter term cash flow. I am lucky that my wife and I do well, with an average income of $500-600k. I am in one very solid commercial syndication right now. I have about 75-80% of my investments in the stock market in one way or another and looking to diversify. We have a primary residence with around $350-400k in equity and no plans to move. I have around $60k in the bank right now, but could get that quite a bit higher if needed over the next few months. HCOL area that is difficult to find cash flowing rentals. Out of state rentals? Multifamily? Stick with commercial syndications? My thought is start building a portfolio of single and multi family rentals (probably out of state just because I'm in one of the hottest markets), and just grind by adding. I think I could do 2-5 houses a year with savings. Keep scaling up aggressively? Tap into our home equity for more of a jump start?