Best way for $4K rental income a month that is mostly hands off?
What is the best way to earn $4K of rental income a month that is as ‘hands-off’ as possible?
I live in the UK, approaching 70 and have £200K ($260K) to invest.
I am no stranger to being a landlord and have two properties that I rent out already. I could probably sell these to increase my amount to invest to £500K ($660K). I just want a solution that is as hands off as possible and can generate $4K a month in rental profit.
I’ve been looking at properties in the UK, but they either tend to be quite expensive or generate low rents. Would I be better be looking of in the USA or another country? If so which areas?
I have a secondary goal of retiring in the USA, although I am not sure how feasible that would be as I don’t have US citizenship. I know there are schemes where investing $500K in real estate projects can provide a green card, but they don’t seem to generate $4K a month in income.
I would appreciate any input or ideas just to get started with some inspiration so I know where to get started with looking. Thanks!