Updated 1 day ago on . Most recent reply
10% Rule Question!!
Has anyone watched this video on the 10% Rule? Starting at time 3:57, he describes the rule, which actually makes a lot of sense!! However, for the example he uses, he states he found a property for $270K (time 9:55), and he put in $15K, so that equals $285K. He then states he receives $2850 in rent (which ironically meets the1% rule). I have not been able to find ANY PROPERTIES that cost only $285K where you can get $2850 in rent, not a chance. Any thoughts on what market this could be?
The Real Estate Investing Rules for BIG Returns (1%, 10%, 50% Rules)