Updated over 10 years ago on . Most recent reply
Evaluating a Rental Property for Cashflow
I've been wholesaling houses for about a year know and a lot of landlords typically buy at 1.0-1.5% of the gross rents with repairs included... I am looking to buy 3 rentals this year and plan to buy with owner financing... Should my total cash investment: down payment and rehab cost to rent fall into the 1% rule as well or being that I'm getting owner to finance I should base my return on net rents after expenses??? I'm looking to use this straegy in areas with values around 80-120k rents around 800-1200/ mo