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Updated almost 4 years ago,
Suggestions Requested on how to get $10k in Passive Income
Hello All,
I joined this forum about a month ago and have enjoyed reading through and getting educated! In a few months, I am expecting that I will have $100k to make my first real estate investment. My plan is to do buy and holds and focus on multi-families. I live in MA where properties are expensive and looking to invest out of state and potentially do turnkey - especially since I have a W2 job and do well overall financially.
I am looking for some guidance on how I turn my $100k into $10k/mo in passive income. I am patient and know it will likely take 10+years. But, would love some guidance and/or suggestions on how to get there!
I don’t have time to do BRRRRs and I have 4 kids so house hacking is also out. My job is also demanding which is why I am thinking turnkey, but I am open to other suggestions.