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Updated about 3 years ago on . Most recent reply
$5-$6K/mo rentals viable?
Selling rental property in Honolulu and hoping to re-invest it via 1031 exchange in a rental that generates more income. Considering Vegas (Summerlin?) but am unsure what the rental market is like for single family homes in the $5K-$6K/mo range (purchase price $1mm+). Appreciate any thoughts/advice from people with expertise and knowledge of the area. Thank you!
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Bill B.
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Bill B.#1 Real Estate Deal Analysis & Advice Contributor
#1 Real Estate Deal Analysis & Advice Contributor
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You could talk to @Jay Hinrichs he’s talked about high end rentals here. Or you could exchange in to a couple of $400-$500k properties that should easily bring in $2500-$3,000 each and spread out your risk a little.