Setting a rental price.

[Kendra Elise O'Berry]

Hey y'all! I was listening to one of the early podcast for BP and it was said that your rent price should be 2% of your purchase price. A lot of houses I'm seeing in my market don't meet that criteria. Should I move markets or is it a way to make it work? Thanks in advance for the advice!

[Josh Caldwell]

Originally posted by @Kendra Elise O'Berry:

@Josh Caldwell thank you for the response. Would my real estate agent be able to help find off market deals or is that something I would have to do on my own. I live in SC and Pittsburgh is too far for my first property. Thank you!

 Hi Kendra  - your agent probably cant find you off market deals that is not their thing. For off market you either need to connect with local wholesalers or find the deals with your own marketing. Doing your first deal out of state would be a serious challenge. I suggest you start a marketing campaign to potential sellers in your area. Think divorce and pre-foreclosure or even inherited property. You can buy that data from list brokers right here on BP