2 questions per rentals and property info...
1 Reply
Luke Smith
New to Real Estate from Nashville, TN
posted about 2 months ago
Say you find a property that is for sale, use street view to see the house in none staged photos, natural light, etc and stumbled upon the property next to it. The Property next to it is boarded up, run down, and overgrown, but in an up and coming neighborhood.
What/where is the best place to find information about this house?
Secondly,
In determining future potential rent $ amount for a property, does the 1% of sell price typically hold true? Is that a good metric to use in determining a $ amount to subtract expenses from?
Thank you!
Cody Neumann
from Beaver Dam, WI
replied about 2 months ago
You can find the information of the property owner on deal machine by searching the address.
As far as the 1% rule it would really depend on your market. If you are able to use the rental calculator on BiggerPockets that is a big help.
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