1% rule in California?

[Sterling Riley]

New to real estate investing. Looking to invest in buy and holds in the Coachella Valley of California where the market is high. Not much I’m finding is within the 1% rule. Are there other metrics that I should look at in a high market?

[Joe Splitrock]

Originally posted by @Sterling Riley:

New to real estate investing. Looking to invest in buy and holds in the Coachella Valley of California where the market is high. Not much I’m finding is within the 1% rule. Are there other metrics that I should look at in a high market?

 Don't think of it as the 1% rule, but rather as a ratio of monthly rents to purchase price. That "rule" looks different in every market. Some places it may be 2% and others it may be 0.8%.