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re: What is the best way to get a monthly return on an investment?
Posted on 11/27/18 at 3:01 pm to btnetigers
Posted on 11/27/18 at 3:01 pm to btnetigers
Rental properties baw. Make sure they cash flow $100-200+/Mo after all net expenses, and setting aside 5% for potential vacancies, and 10% for CapEx/maintenance.
You’ll get some awesome equity too, and start building wealth quickly.
Forgot to add- consider a 8% (of monthly gross rent) Property Management fee too. Even if you’re ok doing your own PM (I wouldn’t be), you want to calculate the returns as if you’re one day going to use PM services. You want as close to mailbox money as possible.
You’ll get some awesome equity too, and start building wealth quickly.
Forgot to add- consider a 8% (of monthly gross rent) Property Management fee too. Even if you’re ok doing your own PM (I wouldn’t be), you want to calculate the returns as if you’re one day going to use PM services. You want as close to mailbox money as possible.
This post was edited on 11/27/18 at 3:29 pm
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