Rental Retirement Plan

[Cody Weiss]

Hi All,

I was curious if anyone has come across an excel file that identifies how a person would outline take an identified net income goal per month and use that information to draft a general idea of how many doors they would need to own, expected CoC return and target property type ( i.e $200k)?

Thanks!

[Russell Gronsky]

@Cody Weiss, I'm not sure I understand your question but if you want $200,000 per year in passive income and you net $150 per door, per month, you'll need 112 doors (assuming vacancy and all other costs never falls below your estimates).

Commercial multi-family would be the path of least resistance for this but you're probably not going to be able to buy a 100+ unit building by yourself any time soon. That's big money territory so you'll have to syndicate or buy up smaller deals and work your way up to the big stuff.

CoC is hard for me to talk about because I don't think in percentages. I could care less about them to tell you the truth. I know I'll get investors who say the opposite but to me, cash in hand means everything as I can't use 15% or even 30% CoC to make my life better...but I can definitely use $200,000 to make my life better.