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Updated about 1 year ago on . Most recent reply

Zyon Jones's profile image
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Zyon Jones
  • Member since Nov 16, 2023
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Zyon Jones's profile image
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Zyon Jones
  • Member since Nov 16, 2023
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Zyon Jones
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9
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Starting Out

Looking To House Hack

Zyon Jones
Posted

In Jacksonville, Florida and looking to house hack (preferably multifamily). When looking to determine the rent of the property, does the 1% rule really matter ? 

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Julien Jeannot's profile image
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Julien Jeannot
  • CPA, Real Estate Broker & Investor
  • from Seattle & Woodinville, WA
  • Member since Jan 2, 2016
  • Posts 757
  • Votes 1,041
  • Experience 17 Yrs
  • Investments 17
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Julien Jeannot's profile image
Julien Jeannot's profile image
Julien Jeannot
  • CPA, Real Estate Broker & Investor
  • from Seattle & Woodinville, WA
  • Member since Jan 2, 2016
  • Posts 757
  • Votes 1,041
  • Experience 17 Yrs
  • Investments 17
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Julien Jeannot
  • CPA, Real Estate Broker & Investor
  • Seattle & Woodinville, WA
1,041
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757
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Julien Jeannot
  • CPA, Real Estate Broker & Investor
  • Seattle & Woodinville, WA
Replied

@Zyon Jones

House hack is meant to reduce living expenses, the 1% does not apply.

Regarding rules, they only apply if they fit your goals and strategy. I disregarded all the rules and it worked out just fine.

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