Hi everyone, I’m putting together a five year plan of investing in rental properties for passive income and would love to get some feedback.
I live and own businesses overseas. I’ll be saving $4,100 per month, which is approximately $50,000 per year after taxes.
I don’t own any property, so I’m starting from scratch. Since I live overseas, I’m not interested in fix or flips. I’m focused on turnkey properties, either single family or small multi family.
So, let’s assume an investment rate of $50,000 per year, and all rental income goes right back into buying more properties.
What is a conservative plan with low maintenance rental properties each year and what income can I realistically achieve after five years?
I’ve been thinking it over for some time now and I want to put together a detailed plan to follow.
I would love to hear your plans and thoughts.