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Updated about 9 years ago,

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2
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Randy Haworth
  • HR Manager
  • Litchfield Park, AZ
0
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2
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What would you do?

Randy Haworth
  • HR Manager
  • Litchfield Park, AZ
Posted

I work FT, wife works FT in the Phoenix area and we want to get into real estate investing to create a retirement portfolio.  Our first step or goal is to replace wife’s salary with rental income from investment(s).   Looks like multifamily greater than 5 units will be needed, but can that be done with the available cash I have?  I could use this group’s thoughts, and thanks in advance for the ideas. Not sure if I can post financial numbers here, and I am not looking for investors, mentors, or any business deals, just thoughts on how to start out.  Have $50,000 to invest and want to net $40,000 annual return.

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