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Updated over 1 year ago on . Most recent reply
What city/state has $100K properties that meet 1% rule?
Seeking buy and hold rentals that meet or exceed the 1% rule. Prefer west coast if possible. Anyone willing to share?
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- Lender
- Lake Oswego OR Summerlin, NV
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Of course no one anwered your question where on the west coast can you hit 100k and under and 1% so I will answer it .
1. parts of Lake co CA
2. Klamath Falls Oregon
3. Olivehurst CA
4.. Susanville CA
And many many other smaller bergs.
If I wanted to stay as close to the bay area as i could i would look no farther than Richmond.
you can get close to 1% but you will spend over 100k... but i think Richmond in the next 20 years is going to do was EAST Palo Alto did or EAST menlo did the last 30 years..
I was buying homes in EPA in the early 80s for 20k to 25k.. when houses in Cupertino were 150k . on of the best ways to set yourself up 20 to 30 years from now is to buy in the path of progress and thats what Richmond is in my mind..
- Jay Hinrichs
- Podcast Guest on Show #222
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