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Updated over 2 years ago,

Qui Van's profile image
Qui Van's profile image
Qui Van
  • Member since Oct 3, 2022
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Qui Van's profile image
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Qui Van
  • Member since Oct 3, 2022
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Qui Van
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7
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General Landlording & Rental Properties

2% rent of purchase price

Qui Van
Posted

Hello, all

I recently listened to the podcast, I believe it was episode 11, beginner's guide.  They said a rule of thumb on evaluating purchasing a property is if you can rent it out for around 2% of the purchase price.  I find that crazy because I bought my home 5 years ago for 305k.  I can not rent it out today for 6k.  Am I missing something?  Thanks

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