Do you follow 1 percent rule

[Michele Velazquez]

I am reading the book about out of state investing and was wondering, do people follow the 1 percent rule?  I had narrowed down my search to a few cities for where I want to invest in a multi family unit and hardly any of them meet this 1 percent criteria?  In Atlanta, Houston, Austin, Baltimore, Cincinnati... barely any 1 percent?

[Kalim Kalla]

Quote from @Michele Velazquez:

I am reading the book about out of state investing and was wondering, do people follow the 1 percent rule?  I had narrowed down my search to a few cities for where I want to invest in a multi family unit and hardly any of them meet this 1 percent criteria?  In Atlanta, Houston, Austin, Baltimore, Cincinnati... barely any 1 percent?

 Throughout the Atlanta area it is significantly hard to find a 1% rule unless you are getting a direct deal from a seller that has a mispriced property. Pretty rare to find one and it doesn't take into consideration much of the effect of rates increasing which still effects your projected cash flow. I have met people that don't care about any sort of timeline and try to build their portfolio and or business off of home runs, but that's no way to build. If you aim for the singles or doubles (deals that are under 1% but still make sense) then you'll be poised to build/grow more successfully.