After spending a few years investing out of state in long term rentals, I realized that I would have to accumulate up to 100+ houses at the infamous “$100/door” target to completely decrease my dependance on my W-2 income.

I am trying to figure out how much more to pay per month and how many monthe it will decrease the loan term.Thank you.

A local Investor-Agent can help shorten your learning curve and save you a lot of headaches as they tend to understand the market better.I will say to decrease your risk, and I am glad you’re looking out of state.

With those numbers that are given I would assume that 12% is the yearly appreciation estimate which 12% of 100,000 would be $12,000 or $1,000 per month.This appreciation number is a guess and I would not count on it every year, specially as we are seeing interest rates increase and home values decrease over the last 3-6 months in most markets.Generally a safe appreciation number would be inflation plus a 1% in most markets, but 2022 and 2023 will be a different bear I am sure! 

As the Property appreciates and loan balances decrease ~you can cash out refinance. additionally, this may be a repair that applies for bonus depreciation. 

If you improve your property and increase rent, your repairs will more than likely decrease rather than increase.

Between the deficit of plastics coming out of Texas, a decrease in supply from the lumber industry as ppl got laid of during the pandemic, rise in shipping cost, and on top of that.... an increase in remodels from those putting their stimulus checks to work for them.

They will decrease in value over the years, not increase as a house might.

So...what would your return look like if interest rates reset at X + 3%, what would they look like if rent increased by 50% or if rent decreased and appreciation increased?

If you look into bigger single family in the resort/vacation communities, that is where you will separate yourself.Getting into a 5-9 bedroom home can significantly decrease the supply aspect in Orlando.