Updated almost 8 years ago on . Most recent reply
Choosing a new rental property
This is spawned from another discussion:
https://www.biggerpockets.com/forums/52/topics/591...
I really like the input "You didn't buy that house as an investment, so sell it", but to take that a step further; what do you all look for in an investment rental property. I have about $50K equity in my current rental, that everyone recognizes should probably be sold.
I know the 2% rule (rent should be 1-2% of total cost of home purchase), but I would love to know more about what works for you guys. I am really new to the rentals as an investment, instead of the rentals as a necessity to get to a new home.
I'd really love to obtain a multifamily home in the next year, so input on these or single family homes would be solid.