I hear a lot about the 2% rule and cash flow but what if

[Roberto Chan]

I am in a pretty hot market like in South Florida.  Rent is pretty hot but to get a 2% on a house or property is a pretty hard find.  but What if I wanted to get lets say a house worth 300K and rent it for about 2,400.  and if I get to just finance 150K.

Is it worth it ?   I wont be upside down since I get to put so much down and I can effort the monthly with my job.  

Any advice will be appreciated.

Thank you. 

[David O.]

@Roberto Chan

The 2% rules doesn't apply to major cities like New York, Miami, etc. It is hard because the price of the acquisitions of the properties. I am lucky to get 1% rentals here in Miami Beach, unless I run the as short term vacation rentals, where I can get a lot more per month in rent. Just analyze the market and see what the rents are going for. Just make sure to try and acquire the property at below market value -- that's where the bulk of your money will be made. The cash flow from the rent is the icing on the cake.