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You're saying that if the house sold for $500,000, you should keep it if you can rent it for $5,000 / month or more? I've heard of 5% of 1/12th of the projecte
by tunesmith 8y ago
You're saying that if the house sold for $500,000, you should keep it if you can rent it for $5,000 / month or more?
I've heard of 5% of 1/12th of the projected sale price, which seems more realistic.
- mrfusion 8y agoYes $5000/month would make that a great property. Look up the one percent rule. There are lots of other things to consider but it’s a great quick rule of thumb.