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Updated about 4 years ago on . Most recent reply

Michael Tuck's profile image
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Michael Tuck
  • Rental Property Investor
  • from Austin, TX
  • Member since Apr 8, 2021
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Michael Tuck's profile image
Michael Tuck's profile image
Michael Tuck
  • Rental Property Investor
  • from Austin, TX
  • Member since Apr 8, 2021
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Michael Tuck
  • Rental Property Investor
  • Austin, TX
2
Votes |
9
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General Real Estate Investing

1% rule in Austin TX

Michael Tuck
  • Rental Property Investor
  • Austin, TX
Posted

Hello all, first post for me.

Does anyone know how to apply this rule to the Austin market? I've been looking for months and can't find anything that even touches 1% on austin. Or any other major market for that matter.

For example- my home is worth 350, and rent in my area is 1800-2100. Even at my original purchase price of 250K (4 years ago) I wouldn't meet that.

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Stephen Stokes's profile image
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Stephen Stokes
  • Rental Property Investor
  • from Austin, TX
  • Member since Jul 10, 2016
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Stephen Stokes
  • Rental Property Investor
  • from Austin, TX
  • Member since Jul 10, 2016
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Stephen Stokes
  • Rental Property Investor
  • Austin, TX
256
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317
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Stephen Stokes
  • Rental Property Investor
  • Austin, TX
Replied

@Michael Tuck

MLS# 6050295 is a 1% deal and it was listed on the Austin MLS.....$200k and $2100/mo in rents.

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