Military guy trying to get into real estate.

[Daniel Wise]

Hello! I am currently active duty military. I was recently injured on my last deployment and I am going to be receiving a $50,000 insurance pay out here in the next 3 weeks. I own a house in Southern California and I have absolutely $0 debt besides my house. My goal is to build enough residual income off of real estate in order to supplement the $3,000 a month I'll get from my disability check every month. My goal would be to be making a total of $10,000 a month so I need to add $7,000 a month in passive income. I know $50,000 isn't a lot but how can I use that money to kick off my real estate investing? Thanks everyone!

[Bryan C.]

Daniel, have u identified what area of real estate u want to invest in? Everyone has a dog comfort level and some are riskier than others. It sounds like ur in a good spot to start investing. Most try "house hacking" and grow from there. U might also want to consider outside of CA due to price barrier to entry. Tell us more what ur plan is and maybe we can help.