Posted on October 14th, 2018

Typical rule of thumb in this market.... 1.3 to 1.6% of the purchase price per month if you self manage. For instance, a 250k property should gross around 3500 per month. Your net profit will vary greatly depending on whether the property is financed, the terms of the financing, or if it is a cash purchase. It's important to understand the following: What is Gross Income? Gross income is the total amount you earn (typically over the course of a year) before expenses. Think of gross income as the... Read More