1% Rule buy and hold.

[Brett Murdock]

Do you buy and hold on the 1% rule... Ups and Downs?

[Lamont Chen]

@Brett Murdock 1% rule is a good sniff test depending on your area to see if a deal will make sense. After you find the property you should try to calculate more detailed expenses like property taxes, vacancy, repairs, utilities, etc. Other due diligence you should perform would be regarding the location, economics for the area, etc.

In certain markets you may not be able to get 1% (NYC).