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Updated over 4 years ago on . Most recent reply

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Bao Vu
  • Denver, CO
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Possible to find rental property in Denver that passes 1% test?

Bao Vu
  • Denver, CO
Posted

Is it possible to find a rental property in Denver that passes the 1% or 2% test? If not, what's the real expectation when looking for rental property investment?  A 4 unit multiplex property is being rented for $5200 with an asking price of $770000.  How would you ask the seller to drop it down to $520,000.00 to pass the 1% test? 

  • Bao Vu
  • Most Popular Reply

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    Lee Ripma
    • Rental Property Investor
    • Prairie Village, KS
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    Lee Ripma
    • Rental Property Investor
    • Prairie Village, KS
    Replied

    @Bao Vu

    Appreciation markets almost never hit the 1% rule WHEN YOU BUY. Through time rents will go up as mortgage is locked in so you’ll get closer to it.

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