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!