Looking at this deal - Thoughts?
There is a group of townhomes near me. Well, "near" = the galeria (I'm downtown) are of Houston . There are 10 of them for sale in a bundle. My bank will finance. They're about $240k each and currently leasing for about 2,100/each. That's not the "1% rule" I see on here but they're pretty new and it seems the more expensive the unit the more you can go off from that rule.
I currently only have 2 townhomes but am looking to expand. Anyone want to talk me out of this or should I do it? I could wholesale as I bet others might like it but I want this myself.