the 2% rule in lubbock texas, myth or reality?

[Cody Malone]

Is the 2% rule a far cry in Lubbock?  I've been running the numbers on multiple locations and i have yet to find a property that can produce and fall within the 2% rule.  Is there anyone who is achieving these kinda of results?

[Jordan Sutherland]

@Cody Malone The 2% rule isn't completely dead in Lubbock, but it's going to be extremely difficult to find something like that in this market right now. If you do find one that meets that criteria, it's probably something in a war zone that you should probably stay away from anyways. The rentals that I own range from 1.15%-1.7%. Even those numbers can be hard to find on quality rentals in Lubbock, but there's always a few out there. You just have to do a lot of looking and analysis and sort out the bad eggs. Most of the good ones that are sold on market go under contract within 24 hours.