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re: Another reason why real estate > stock market
Posted on 1/5/14 at 3:21 pm to I Love Bama
Posted on 1/5/14 at 3:21 pm to I Love Bama
Good find and interesting idea. Do you find lots of these kinds of situations?
1
Posted on 1/5/14 at 3:30 pm to Janky
I wish I could say I did. I've sent a few letters in the past with no luck.
However, almost all of my rentals have come from distressed properties.
My real estate buddy told me,(I guess you could call him my "mentor")To keep it simple, he said his investment criteria is the 2% rule. If you can rent a house for 2% a month (or more) of the purchase price, he buys it. He is one of the richest people I know and it has worked for me so far.
This one is almost a 3%er. Home run for me.
However, almost all of my rentals have come from distressed properties.
My real estate buddy told me,(I guess you could call him my "mentor")To keep it simple, he said his investment criteria is the 2% rule. If you can rent a house for 2% a month (or more) of the purchase price, he buys it. He is one of the richest people I know and it has worked for me so far.
This one is almost a 3%er. Home run for me.
This post was edited on 1/5/14 at 3:32 pm
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