Austin Market- 2% rule

[Roberta Marcos Marcos]

Hi All,

My husband and I are in the process of purchasing our first buy and hold property in Austin. I used the rental property calculator and show positive cashflow, but the 1% or 2% is not met, with income-expense ratio of .75%. In a podcast Brandon mentioned below 1% usually means property will not cashflow, but this one will. Is it still a good deal below 1% given that the Austin market that is appreciating so much?

[Jordan Moorhead]

2% has been non existent in most major markets for quite some time.