50% Rule not working for me

[Andy H.]

Hi Everyone!  Newbie here...I am looking into Buy and Hold properties  and am trying to start with a single family house.  

I’ve been comparing House listing prices on Zillow and other websites with nearby rental rates for similar houses. When I do this, not a single property seems to meet the 50% rule in the DC suburbs (Maryland)...is that due to the location? The market? Or is it a problem with the way I am calculating things?  Maybe I just need more patience to find a deal?

Happy to be a part of this forum and to learn from you all.  Much thanks in advance. 

[Nick C.]

It sounds like it is working. It's preventing you from buying a deal you shouldn't.

You can settle for a bad deal, look in another market where houses are cheaper, or be patient. To find something you're going to have to get out and meet people though, the chances of finding a good deal on the computer are slim to none.