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Updated over 8 years ago,
Your income?
I'm looking to start developing rentals for passive income. I hear on the podcast, and other podcasts, about developing rentals and people talking about how much they made on flips. But I don't really hear much about what kind of income people are making with their rentals.
So my question, if you don't mind sharing, is how many rentals do you have and what kind of yearly income to you make on those rentals.
Honestly the whole point of my question is I want to quit my job but, I want to have enough rental income to cover the bills and bring in my share of the household income.
Also if you don't mind could you state how many property's you own and how long you have been developing rentals.
My target price range will be around the $100K-$150K home. Just curious about what kind of return I should be seeing in that range.
Thanks to every that shares.