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Ellis Hammond
Pro Member
  • Investor
  • San Diego
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Should I adhere to the 1% rule in a low cap rate market???

Ellis Hammond
Pro Member
  • Investor
  • San Diego
Posted Nov 6 2017, 23:21

In a market like southern California where the cap rates are for the most part under 5% it has been very difficult for me to find any type of MF property that meets the 1% rule (rents being at least 1% of purchase price).

Should I just keep looking until I find the needle in the haystack or are there other criteria that is more important when trying to invest in a cash flowing buy and hold investment property? 

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