What is the "easiest" way to get 3k-5k in monthly passive income?

[Lucas Mills]

I'm trying to figure out how I want to approach real estate, retirement, etc.

My desire would be to build up about 3k-5k in relatively passive monthly income. Or at least, passive as it relates to my currently working 8-5.

I don't have a passion for BRRRR. I don't have the desire to talk to hundreds of sellers trying to find ones who might sell on terms, and etc.

So where does that leave me? If I could save up 100k in a few years, could I do something with that money that would accomplish my goal, or at least take a big step towards it? I was thinking about the idea of buying an apartment complex, but if I'm only able to provide a 20% down payment with 100k (so a 500k property), how much income would I really get each month after expenses?

The question I should be asking is, what strategy makes the most sense for me? I would rather continue working my job, save up money over the course of a few years, and then do something with that money which would, presumably, make some progress towards my goal. If I try buy and hold with a house, that just seems like it wouldn't really help me in the "here and now", because I wouldn't really be getting much passive income until the mortgages are paid off some 20-30 years later.

[Frank Wong]

Hi Lucas,

What you want is to buy nice solid rental homes in a good solid B area. The price will be$100-150k depending on the market. You can buy with 30% down and start from there. The homes will be in good condition and ready to move in so you don't have to BRRR.

Then you work on making more money so when you begin to scale you can start buying them with more down and eventually have them paid off.  In 6-10yrs you will have about 5-8 rentals netting you a high amount and you will achieve your $3-5k a month.  Around 15yrs you should be netting yourself an even higher amount and portfolio much higher. Should be snowballing at this point.

This works because I have done it. This plan gives you a life and low risk. In order for this to work, you must focus 100% of your energy and time on making more money.  I think too often people get distracted with real estate investing and try to make it their primary income. RE should be a compliment to what you do not a replacement in the beginning. Then 15yrs down the road you can decide if you want to work for the man still. 

BTW there is no easy way to get to $3-5k. Investing is hard, owning rentals is hard, people lose thousands every day. The bright side is that you can do it everyone can. Just have to have the right mindset, plan, and unwavering work ethic to make it happen.