Reasonable Goal? $3000 cash flow in five years

[Ryan Klein]

Hi everyone,

My wife and I would love to move to a better house with a bigger yard in five-ish years. I want to find out if real estate investment can get us there. I think we'd need to make $3000 a month more than we do now. We have about $50k to invest right now. Is it a reasonable goal to be get to a $3000/month cash flow in five years with rental properties?

Another strategy we might also implement would be house hacking that next house, to reduce how much cash flow we would need.

Thanks!

[Jonathan Greene]

No. What are you getting 3k/month cash flow on with 50k to invest? You are looking to investing for the wrong reasons. If you want to move from your current home to a new one in five years, you don't have to do anything to go bigger and better then. If you bought right, you should get natural appreciation to do it for you. That is the best thing about buying homes in the right areas.

Right now, you are just throwing things at the wall for an answer, but your answer is in your income. Investing is a supplement and a hedge, but you earn more for all of your investments, but upgrading your salary or wages year over year.