I'm working my future income projections as units of rent.
So for a nice income I need 10 properties that would return $200 per week in todays market OR 15 that return a bit less say $130 per week.
The only thing I'm not sure about is what the rent will do in the future?
There is no way to know until it happens but what has happened in the past.
Well we rented back in the earlier 90's a cheapish 3br house for $120 it was bought for about $60k. The same place sold recently for $130k but the rent is only $150.
If this is normal I will have to change my model a bit.
What was rent like 20-30 years ago?
So for a nice income I need 10 properties that would return $200 per week in todays market OR 15 that return a bit less say $130 per week.
The only thing I'm not sure about is what the rent will do in the future?
There is no way to know until it happens but what has happened in the past.
Well we rented back in the earlier 90's a cheapish 3br house for $120 it was bought for about $60k. The same place sold recently for $130k but the rent is only $150.
If this is normal I will have to change my model a bit.
What was rent like 20-30 years ago?