Rental property questions !

Roslyn Heights, NY · Member since 2018 · 1 post · 0 votes

Is it a possibility to turn 200k into 10k net profit a month doing out of state rentals ?

I live in New York

11 views

2 Replies

Sort by

Alexander FelicePro Member
Guy with Great Hair · Austin, TX · Member since 2013 · 2k+ posts · 4k+ votes
8y
not immediately, but over time as you gain more assets then it's absolutely possible.
10K/month is 120,000/year
if you can earn 12% you'll need 1MM in performing assets to earn 120K per year.
if your returns are higher you'll need even less
you have a great headstart for sure!
[email protected]Podcast Guest on Show #301
1 Reply
Aqil Dharamsey
Rental Property Investor · Rochester, NY · Member since 2016 · 303 posts · 154 votes
8y
HeyMorgan Brown probably not 10K net but definitely 10k gross. You will probably convert At 10-12% profit.... maybe even 14% if you control your expenses properly.
0 Reply

Join the conversationCreate a free account to reply, vote on answers and follow this thread.