Looking for Rental Property that meets the 2% Rule

[Jacques Villars]

Hey All,

I'm an agent/investor in Las Vegas, flipped a couple properties, but looking to build a rental portfolio. For the first one I'm thinking I'd like to get one that cash flows well and unfortunately the market in Vegas doesn't really allow for much cash flow when factoring in a mortgage. I planning on using a conventional loan 20-25% down. I'm open to getting something anywhere in the US, if you know of areas with rent ready properties that meet the 2% rule, I'm in. 

Any suggestions on area's, agents, and lenders are all welcome.

Thanks in advance

[Nathan Gesner]

Quote from @Jacques Villars:

The 1% rule is a filtering device, not a method of calculating return. If you are evaluating a lot of properties, you can use a rule like the 1% rule to filter out the properties least likely to meet your requirements, then you spend time digging into the ones that are most likely to work for you. That's all it does. If you look at a property that appears to meet the 1% rule and never evaluate it farther than that, then you're making a big mistake.

Here's a guide that describes what good cash flow looks like and how to analyze a property.

https://www.biggerpockets.com/...