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re: For the posters "of a certain age", how have you found a balance in your life?
Posted on 5/6/15 at 11:48 am to Zilla
Posted on 5/6/15 at 11:48 am to Zilla
Monthly rent should be 2% of the purchase price of the home.
$2,000 monthly rent for a $100,000 home. It's tough to pull off in decent areas and typically you need to be in the lower end price range on houses to meet these marks. It's just a general rule of thumb.
I stay in the 1.5% range and look for bad homes in great areas. Banking on great tenants and eventual appreciation with a little cash flow.
$2,000 monthly rent for a $100,000 home. It's tough to pull off in decent areas and typically you need to be in the lower end price range on houses to meet these marks. It's just a general rule of thumb.
I stay in the 1.5% range and look for bad homes in great areas. Banking on great tenants and eventual appreciation with a little cash flow.
2
Posted on 5/6/15 at 12:29 pm to Coastdog28
You don't need the 2% rule to make killer CAshflow.
Posted on 5/7/15 at 10:12 am to Coastdog28
2% is virtually impossible in most large, desirable metropolitan areas. It's difficult to get 1.5% in New Orleans metro.
This post was edited on 5/7/15 at 10:15 am
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