Brandon is happy with $300/mo profit. What's your Minimum to buy?

[David Levy]

Hi all,

Market is very expensive in my area and most properties if rented would barely cover mortgage payments, however, my friend, few years ago was buying Studios in co-ops that allowed to rent out and she's making around $800/mo on each one of those rentals.

After reading the book, I think Brandon was saying that he's happy to make $300/mo on a property.

So, for you, what is the minimum you need to make per month to consider buying a rental property?

Thank you.

[Chris Seveney]

Mine is $100 based on financing for 15 year terms (will not get into 15-30 year discussionas I know people are not fond of 15 year but when my rate is 2.625% I would rather sacrifice cash flow now to have long term growth by having property paid off in 15 years)