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Updated almost 10 years ago,

Daniel Fierros's profile image
Daniel Fierros's profile image
Daniel Fierros
  • from Pasadena, TX
  • Member since Feb 27, 2015
Connect

User Stats

76
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20
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Daniel Fierros's profile image
Daniel Fierros's profile image
Daniel Fierros
  • from Pasadena, TX
  • Member since Feb 27, 2015
Connect
Daniel Fierros
  • Pasadena, TX
20
Votes |
76
Posts
Buying & Selling Real Estate

Buy and hold

Daniel Fierros
  • Pasadena, TX
Posted

Hey BP!  If I'm interested in a home for a buy and hold (rental property). What is a good price to set in for a house?  I've heard of the 2% rule but will that cover all the house expenses (taxes, insurance, any other expense I've overlooked) and still have cash flow for me?  Ex. If the house cost $60k, will $1200 a month be enough to cover everything that I mentioned?  

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