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Updated over 8 years ago,
How can I invest 1 million in SFR's to net a passive 5k a month?
Ok, let's say there was an inherited piece of land in another country, valued at say 1.35 million. How can I invest one million dollars in buy & hold long term cash flowing property (domestically) with property management, and net 4-5k per month passively?
More interested in sfr's and small multi's (because they make more sense to me and I am more familiar with them) than land, commercial, notes, large apartments etc.
I am thinking the best way to do this is to buy an existing portfolio from an investor that wants to retire.
Am I hoping too much from the amount of capital? I would need the investment to be reasonably passive as far as management. Possibly buy a portfolio already under management
Am I dreaming or can this be done? Is the market too soft now (sellers market)?
Let's say this is hypothetical