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Updated over 6 years ago on . Most recent reply

Joel Fohrman's profile image
Joel Fohrman's profile image
Joel Fohrman
  • Member since Aug 14, 2018
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Joel Fohrman's profile image
Joel Fohrman's profile image
Joel Fohrman
  • Member since Aug 14, 2018
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Joel Fohrman
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Starting Out

what is considered a decent monthly profit?

Joel Fohrman
Posted

Hello!

I'm somewhat of a newbie, and looking to purchase a multi-unit rental property in the $300-$500k range via a 1031 Exchange in the near future.

Running numbers and it's looking like the best deals will net me between $800-$1k per month. Is that considered good, or should I be shooting higher here?

Any thoughts/suggestions/ideas would be very helpful. Thank you!

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