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re: Thinking of purcahsing a rent house
Posted on 2/14/16 at 8:31 am to KillTheGophers
Posted on 2/14/16 at 8:31 am to KillTheGophers
quote:
Monthly rent of 2% of the purchase price is the criteria I aim for. Well done.
Is it just me or does that seem like really steep rent to charge?
I'd find it hard to believe you could get many people to pay that type of rent.
2
Posted on 2/14/16 at 8:43 am to Powerman
I think 2% is almost unreasonable
Posted on 2/14/16 at 4:30 pm to Powerman
quote:
Is it just me or does that seem like really steep rent to charge?
You can only charge what the market allows. You don't get to set higher prices.
and like someone else said, the 2% sweet spot are the 50k houses and under. I know of someone who gets 4% with secction 8.
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