Generating $100 of cash flow?
Hi everyone, this may sound like a silly question but Brandon Turner has mentioned several times in his webinars on analyzing rental properties, that his goal is to at least profit $100 cash flow per unit (and 12% ROI). Doesn't $100 a month seem low? This doesn't motivate me, what am I missing here? Wouldn't it take A LOT of rental properties to have a cash flow of, lets say $5,000 a month?
Can someone please explain why $100 a month is actually pretty good?
P.s. I do not have a rental property yet, looking to house hack a duplex soon.
Thanks guys!!