All Forum Posts by: Nate Sanow

@Douglas Gratz seems like a lot of people I've worked with and gotten to know want at least 1% back on their money per month  to call it "good."  Example is 100k house should get 1k per month.  200k house should get 2k per month.  So, you are slightly above 1% in your example, which is probably makes it "good."  I think it depends on your goals and if you wanted to find other markets where maybe 2% is possible.  I know of some if you want to message me; but I am assuming you'd want to or be ready to invest out of state.  If you want to stay local, then your return probably is good.  Not sure if others agree just my 2 cents.  

@Wayne Bodley thanks man!  And good for you.  

I've got SO MUCH to get back to.  Thanks to everyone for the feedback.  Personally, I just wanted examples of net cash.  But the advanced breakdowns are of course welcome and actually noteworthy.  I look at it like this.  Formula's and calculations certainly can predict or provide recent averages, but when the rubber hits the road we all want to know the exact amount of money in our bank account.  We all want to know the exact amount of income we make (assumption w2 earners).  In the income example maybe there is a way to look at it pre-tax on gross income for what we declare to a lender etc as our actual earned overall income; and maybe some prefer to look at net income after taxes.  

To me the same holds true with my goals for REI. I'd like to know what is a reasonable amount of income to expect in __________ years from passive income. Cold hard cash. Like anything, it will probably go up and down. If I had a pizza shop that grossed me personally 100k in profits, I am sure there would be years that my cheese and tomato sauce expenses would increase. If that became a problem, maybe I'd offset it by buying a cow or growing a garden. But I would know that it is possible to make 100k from pizza.

So, I want to get back to everyone personally but let me say to all I'm thankful for all the feedback because I take it as inspiration and motivation to get to where some of you already are, and that was my primary objective.  Thanks!!!!! 

@Account Closed that's pretty cool.  Let me get ready and maybe I'll holler at you begging you to let me buy one of those :)  

@Ray Johnson that is a solid breakdown.  thank you. 

@Angel Arr

That’s absolutely brilliant and I hope it works out for ya! Thanks for sharing. Sounds like your path is bright.

@Levi T.

Agreed on all fronts. MF is where I think most people head but SF is still a good place to start. Thanks for sharing!

@Russell Brazil

That is an incredible number, thanks for sharing. I’d imagine it does take a ton of patience.

@Joe Villeneuve

Sure, I see your point and agree, but I guess I’m flexible there.

@Kenneth Garrett

I have a ton of “shoulda woulda” and a “wish I didn’t”.

Good for you to get to where you are. Thanks for sharing.