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Updated over 7 years ago on . Most recent reply
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How much positive cash flow do you need a month?
I have often wondered what is rich or well off? I am talking about purely passive income from rentals.
Yes it is subjective and will depend on the individual but I was wondering what the BP community thinks. Would love to hear some input.
In mind there are 3 stages
1. What you need to live on to meet a decent quality of life?
2. What do you want?
3. What are your dreams? The number for dreams can be way to crazy and high. So would love find out what some of the fellow BP contributors consider good. Is there an average?
Most Popular Reply
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On a recent BP podcast the speaker said he has 400k a year in net cash flow, on about 95 SFR. To me that's rich and well off. Personally, I hope to be in the 25-30 SFR range eventually and about 100k annually in passive cash flow