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re: Thinking of purcahsing a rent house

Posted on 2/14/16 at 10:56 am to Powerman
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37153 posts
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Posted on 2/14/16 at 10:56 am to Powerman
2 percent of a 100k house is 2000 a month. Not likely.

2 percent of a 30k house is 600 a month. That could happen. Especially if the 30k was a steal of a deal.
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Posted by roguetiger15
Member since Jan 2013
16179 posts
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Posted on 2/14/16 at 2:11 pm to LSUFanHouston
2% on a 40k house is almost the norm here in Lafayette and surrounding areas.
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Posted by dlambe5
Prairieville
Member since Jul 2009
633 posts
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Posted on 2/16/16 at 1:18 pm to LSUFanHouston
My condo rents for a $1 per sqft. Good rule of thumb for the BR area.
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