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Ka Yan
08 Feb 2022
User Researcher at Seedly
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It depends on how much monthly income you need to meet your expenses.
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If you need $4,000/month to live off, for instance, you would need a $2.4 million property (or the equivalent, such as 2 x $1.2 million properties) with an annual net yield of 2% to produce that monthly income.
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Have a look at this guide on buying commercial properties: https://www.providecover.com/best-guide-for-buy...
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Billy
06 Feb 2022
Development & Acquisitions Manager at Real Estate Private Equity
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Agree with the rest that it depends on your own monthly expenses!
When considering rental income, it's also important to take note of other expenses like property tax, management fees for condos, agent fees etc., that will reduce your net rental income