Rental Portfolio Goal and Structure Feedback
Hi All!
I'm interested in getting your feedback on my objectives and how I plan to achieve them. I'll be terse.
Goal: Generate inflation adjusted free cashflow of $8k per month in 10 years. Minimum goal is $5k per month in 15 years.
Portfolio Design: Acquire multiple properties that generate rents high enough to amortize loans in 10-15 years and cover all costs.
Example: $100k 3/2 property; PITI $733; Allowances $196 ==> Minimum Rent $903 (15yr amortization) Target Rent $1122 (10yr amortization). I am finding properties that meet these requirements. To meet the optimal target ($8k/10yrs) I would need about 7 of these properties.
I'm looking forward to your feedback and creative ideas based on your experience.
Thanks!
G