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