Buying real estate for short-term or long-term rentals is buying yourself a second job.
If you want something more passive, consider investing in several different real estate syndications. You can find them on CrowdStreet or FundRise although I believe you will get into better deals if you join a local investor group and learn from the experienced members. If there isn't a group near you, I'm enjoying participating in www.506investorgroup.com
This style is probably only practical if you already have a net worth of at least $1m. The best book I've found is Investing in Real Estate Private Equity by Sean Cook.
I think it is reasonable to expect a diversified portfolio of real estate syndications to return 10-15% annually although it will be bumpy and your money will be locked up for years.
If you want something more passive, consider investing in several different real estate syndications. You can find them on CrowdStreet or FundRise although I believe you will get into better deals if you join a local investor group and learn from the experienced members. If there isn't a group near you, I'm enjoying participating in www.506investorgroup.com
This style is probably only practical if you already have a net worth of at least $1m. The best book I've found is Investing in Real Estate Private Equity by Sean Cook.
I think it is reasonable to expect a diversified portfolio of real estate syndications to return 10-15% annually although it will be bumpy and your money will be locked up for years.