Is it a possibility to turn 200k into 10k net profit a month doing out of state rentals ?
I live in New York
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!
Hey@Morgan 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.