Ask HN: What is your money-making side project outside programming?

Re:Ask HN: What is your money-making side project outside pr... by mrfusion on Sunday April 21, 2019 @02:24PM (#19713634)

Run the numbers and compare in your next sale. As a rule of thumb if you can get 1% of the sale price per month in rent you’re doing awesome.

And a good property manager should take away 95% of the hassle.

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Re:Ask HN: What is your money-making side project outside pr... by tunesmith on Sunday April 21, 2019 @06:34PM (#19715011)

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.

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Re:Ask HN: What is your money-making side project outside pr... by mrfusion on Sunday April 21, 2019 @07:50PM (#19715293)

Yes $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.

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