Suggestions Requested on how to get $10k in Passive Income

[Patrick Kelley]

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. 

[Aj Parikh]

Hi Patrick, the price range is perfect to buy turnkeys in OH or TN. You can find Single Family homes for 90-100k which will cash flow $350-400 / month after all expenses. I also used Roofstock to research for out of state turnkeys and I found one in Memphis, TN for $70,000. Let me know if you want to connect and chat about that.