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Updated almost 4 years ago, 12/08/2020
Any areas out there for single families close to 1 percent rule?
Looking to find an area to purchase some single family rentals. Not looking in areas with declining population, high property taxes or schools rated below 5. Is it still possible in 2020? I’ve literally been looking nationwide without a market in site.
@Benjamin Kanevsky
Not one response?
@Benjamin Kanevsky The Ohio guys will eventually respond. Good luck. Have you looked at Columbus, OH?
@Andrew Rosenberg
Ohio property taxes are pretty high and most areas are declining in population. Colombus I haven’t seen anything that gets close to 1 percent unless the neighborhood is bad.
Eastern, NC has some markets that have SFHs that meet the 1% rule. Property taxes are relatively low and there are a lot of military folks.
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- Jackson, MS
Nearly any place in Mississippi will give you at least 2%. But you are not going to get schools that highly rated, etc. And property taxes are high in relation to the purchase price.
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- Columbus, OH
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#4 Out of State Investing Contributor
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Originally posted by @Benjamin Kanevsky:
Looking to find an area to purchase some single family rentals. Not looking in areas with declining population, high property taxes or schools rated below 5. Is it still possible in 2020? I’ve literally been looking nationwide without a market in site.
Columbus, Ohio public schools are rated pretty low but I think it is still a great market to invest in.
- Remington Lyman
@Deniz Eker where in central Florida? Orlando is nowhere near the 1 percent rule? Can you send example of a property?
Originally posted by @Sean McDonnell:
Eastern, NC has some markets that have SFHs that meet the 1% rule. Property taxes are relatively low and there are a lot of military folks.
Sean any particular towns or cities you would recommend looking at?
I am in Jacksonville, NC and can send you some properties that meet the 1% rule. Kinston, NC also has properties that meet that criteria but the schools are below average.
@Benjamin Kanevsky you should look into Columbus OH. We have a bunch of SFH, and if you look carefully enough you can find some 1%'ers
@Benjamin Kanevsky I find them a good bit in south Mississippi
@Bob Norton I find many here in south Mississippi
Originally posted by @Benjamin Kanevsky:
Looking to find an area to purchase some single family rentals. Not looking in areas with declining population, high property taxes or schools rated below 5. Is it still possible in 2020? I’ve literally been looking nationwide without a market in site.
Columbus, OH. As mentioned above, Columbus schools aren't the best but the economic growth is booming.
- Zeke Liston
- 614-665-5793
Originally posted by @Steven Foster Wilson:
@Benjamin Kanevsky you should look into Columbus OH. We have a bunch of SFH, and if you look carefully enough you can find some 1%'ers
Could you send me some examples?
Originally posted by @Steven Foster Wilson:
@Benjamin Kanevsky you should look into Columbus OH. We have a bunch of SFH, and if you look carefully enough you can find some 1%'ers
Would you be able to inbox me some examples?
Originally posted by @Benjamin Kanevsky:
Originally posted by @Steven Foster Wilson:
@Benjamin Kanevsky you should look into Columbus OH. We have a bunch of SFH, and if you look carefully enough you can find some 1%'ers
Could you send me some examples?
Absolutely!
There are plenty of areas that meet the 1% rule. But what if they have high taxes or high maintenance costs. Doesn't that defeat the purpose. Look past the top line only!
Originally posted by @Alexander Szikla:
There are plenty of areas that meet the 1% rule. But what if they have high taxes or high maintenance costs. Doesn't that defeat the purpose. Look past the top line only!
I completely agree with that statement. Which is why I'm having a hard time finding any area that would make long term sense.
Definitely stay out of Ohio, no good deals here
@Benjamin Kanevsky
If you target potential off market deals you can make 1-2% deals or even better in many markets. There ar motivated sellers in almost every market. Pick one that you want to invest in and dive deep! Happy hunting!
Originally posted by @Brett Murdock:
@Bob Norton I find many here in south Mississippi
What part south Mississippi? Gulfport-Biloxi?
Fayetteville, NC inventory is getting tight but still 1% rule is the norm
@Benjamin Kanevsky hi! A ton of the sub markets outside of Charlotte can hit the 1% rule. Concord, mint hill, Monroe etc. Also, Charlotte is the 16th biggest city in the nation with population growing like crazy. With all the new people coming in, the lower income people are moving out into surrounding sub markets. Something to check out for sure. If you have any questions feel free to message me.