How Hard and Fast is the 1% Rule if You Get Seller FInancing
I have a lead from a landlord who is currently looking to offload some properties. Long story short, desirable neighborhood, nice home, free and clear.
It'll rent for $2,200-$2,300 per month with no problem, but is going to cost me probably $325,000 to get.
Is this worth it? With nothing down and giving him 5%, I'm looking at $1,880 per month PITI.