Real Estate Investor · Menlo Park, CA · Member since 2012 · 9 posts · 0 votes
Hi All,
My wife and I (mid-30's) have one SFR rental in Oregon that we bought a year ago and would like to put more money into real estate so that we can make enough passive income to quit our day jobs. We have about $400K to allocate towards real estate activities. We both have very high income jobs. We're willing to invest out of state but don't have enough time to spend a significant amount of time actively managing the investments. What would you do?
Given that you have money but little time, I would suggest private money lending or multi-family. With that sort of capital you can purchase a complex large enough to have onsite property management. Either way, you'll need to do your homework.