Are there anymore Buy and Hold Investors...

[Darrion M. Woods]

I’m located in Houston and Everyone wants to Flip and Wholesale. I need some buddies to talk about investing in deals and fixing them up to hold for strategy.

[Mark Sewell]

Darrion, around here folks are looking at that $200K mark. ARV above that are (probably) going to be better for a flip, and ARV below that are going to be suitable for rental properties for the buy & hold crowd. Not true in all cases but a good rule of thumb.

The 1% rule is your quick & dirty yardstick for rental deals. If you can rent it each month for 1% of the money you have sunk into it (purchase plus rehab), then it is probably going to be a nice cash flow deal. For example buy for $80k, pump $20k into to get it ready to rent out, then you want to be sure you are able to get it rented for $1000/month, at least, if not more. Of course you still want to run the PITI and break out the BP calculator and all that, but this is just something simple to use on the fly. This is probably a more relevant rule of thumb than the 70% of ARV rule is anyway.

Give me some time, buddy, I'm right behind you.  I'll get into the buy & hold scene just as soon as I can.