All Forum Posts by: Tanya Smith

Hi Friends! I have been analyzing deals ALL OVER the area I live and can't meet this 1% Rule... Where can I achieve this rule without buying in war-zone areas? 

I have noticed there are people saying they only buy properties with the 2% rule which in this case would be buying a home for $120,000 and renting it for $2,400.. Where are these numbers working for all of you as investors? Thanks in advance for any and all advice!

@Rick Hernandez its off 16th street

 Let me tell you the #'s... total cash invested says $60,645. Purchase price is $49,200. rents for $850 cash flows $513 after all expenses are paid. I did just notice it says Wellington heights.. is that a horrible area?

 Let me tell you the #'s... total cash invested says $60,645. Purchase price is $49,200. rents for $850 cash flows $513 after all expenses are paid. I did just notice it says Wellington heights.. is that a horrible area?

I am curious as to why anyone on this feed hasn't suggested going outside his market to Ohio or Indiana? I am in this same situation.. I have cash but I live in a small area where housing prices are high and do not cash flow. I am talking to a turn key company that sent me a Cash flow property this morning for sale in Cedar Rapids 4 bed 2 bath for $60,000 already rented and cash flowing $513 a month. I AM VERY NEW AND SKEPTICAL to pull the trigger.. Can anyone give me a reason not to use a company like this? How reliable are these numbers>

Thanks for the Video! @Joshua Weidman 

@Tony SanFilippo what markets do you invest in? I am new and am trying to do a lot of research here before purchasing.. hopefully getting a few deals by January.. Any information helps! Thanks

@James C. if you dont mind; where did you buy? how diversified were the areas? and how many properties did you begin with?

sorry, I re read your comment and realized what you meant.. I am wary of older properties so B or A class

I am not 100 percent on what is best for us yet but maybe a 4plex or 6plex to start. How much does something like this run in a good rental market there? We are not bias to any specific area of Michigan.. As long as it's a good location:) thanks for any info!