All Forum Posts by: Ryan Jones
Ryan Jones has started 8 posts and replied 32 times.
Post: Buy and Hold and the 1% rule?
Ryan JonesPosted
- Colorado Springs, CO
- Posts 32
- Votes 17
Thank you everyone for your replies! I have $200k down on my current home (I should've used less to have more money to invest...I know.). But meanwhile I have another $50k to get started. But I'm researching and learning for awhile. :)
Post: Buy and Hold and the 1% rule?
Ryan JonesPosted
- Colorado Springs, CO
- Posts 32
- Votes 17
I'm just curious about buying and holding properties while renting them out. In most everywhere in the US, you cannot rent a property for at least 1% of the value. In Denver, you can buy a $400k property and get no where near $4k/month in rent. In Colorado Springs, you can get a $200k property and rent it for $1k/month.
I find it like this most in the country until you get into lower income areas in Missouri and Florida. Is anyone in Colorado using the buy and hold strategy to build wealth?