What would you do?
I work FT, wife works FT in the Phoenix area and we want to get into real estate investing to create a retirement portfolio. Our first step or goal is to replace wife’s salary with rental income from investment(s). Looks like multifamily greater than 5 units will be needed, but can that be done with the available cash I have? I could use this group’s thoughts, and thanks in advance for the ideas. Not sure if I can post financial numbers here, and I am not looking for investors, mentors, or any business deals, just thoughts on how to start out. Have $50,000 to invest and want to net $40,000 annual return.