Updated over 11 years ago on . Most recent reply
Do you own single family rental property in DFW?
I'm trying to get a feel for rent to property value. DFW seems very hard to get to 2%. You're probably lucky if you can get 1%.
I'm looking in areas such as Garland, Mesquite, around Plano and possibly further north past Allen.
Even over towards Ft. Worth near say Watauga, etc.
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Jon Holdman
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Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
#3 Real Estate Deal Analysis & Advice Contributor
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The 2% rule is an awful rule and should be ignored. It contains a number of assumptions, most of which probably don't apply. Do you own evaluation.
Lots of folks buy rentals that are cash flow neutral or negative. They're looking for long term appreciation.