10% or more return - Where to buy? Passive income

[Syed Haider]

I am from California and looking to create a passive income with capital of around $600K+. I would like to team up with someone who is aware with the area and can help me create passive income. If this would work out for me then my goal is to have massive real estate portfolio for future.

Please send me the details about Real Estate company in the top location that any of you have worked with in past and it worked out for you. 

I am looking for low vacancy rate, low maintenance and good location deal. Appreciate you all as you guys are amazing and already on the path to financial freedom 

Thank you,

Riz

[Amit M.]

@Syed Haider $6k monthly cashflow on $600k is a 12% return. Plus you want stable and safe property. Your main oprtions are:

1- buying higher cap properties, which have risks, as they are not in prime, or very stable markets

2- buy a value added property where you can improve the property, and the returns

3- buy in a safe prime location with lower returns, and wait as these locations appreciate, and their income increases as well

4- buy NNN properties or maybe DST's, but then you are dependent on a single Corp tenant, have small preset rent increases, and usually have low or little control over the property (especially if DST fund) and it's future

The first question is how much do/can you be hands on a property. That’s the best way to get both a high return, and a stable and safe location. But you have to invest time and possibly manage it directly (with property management you both spend money, and loose control over aspects of the asset.)

I still think that looking for a *quality asset* with 30-50% down is the best starting point. Don’t let the higher returns of lesser real estate fool you- they can be a management hassle and be very unstable, especially as the economy changes. 

But at least you have a good problem to have, or solve!