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Updated over 6 years ago on . Most recent reply

Why to avoid < 50 k properties
If a house sells 50 k and rent for 1000, it meets 2% rule. But actually I think it is not necessarily a good investment.
Assuming SFR, 1500 sf, 3 be 2 ba, in small Midwest town. Move on ready. 30 years old. No renovation.
Why?
Most Popular Reply

Typical perception from the West Coasters that all Sub 50K properties are dumps in the ghetto. My worst rental exceeds 2% and some exceed 5%
Purchased 2017 for less than $30K
22K Purchase in 2016
14K Purchase in 2016 on 3 acres rented for $850
I can go on and on. Blanket statements just do not work in real estate investing