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Updated about 6 years ago on . Most recent reply

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17
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10
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David Corboy
  • Denver, CO
10
Votes |
17
Posts

Seems impossible to meet the 2% test in Denver.

David Corboy
  • Denver, CO
Posted

I was born and raised in Denver and currently own a SFH that I live in (part time) and rent out the other rooms. I've been doing a lot of learning on rental properties over the last two years and would like to purchase a second rental. However, it seems impossible to find properties, even in surrounding areas, that can even break the 1% rule. Is there still money to be made for a buy and hold rental strategy in a hot market like this? What rules do you apply to hot markets that work for you?

Most Popular Reply

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42,831
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
63,157
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42,831
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

2% rule is past tense in all but the toughest neighborhoods in america or in rural mid west small towns. or for that matter many small towns in america..

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JLH Capital Partners

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