Do we still shoot for the 2% rule in today's markets?

[Shaye Mora]

In today's markets, do you find yourself still shooting for the 2% rule? Do you focus on a 5, 7, or even a 10% cap after all expenses? Do you focus on $200 a door? 

As investors, what deals/numbers are striking you to eagerly pursue a deal? 

What numbers turn you away from a property?

I understand all markets are different, but I would like to see what today's investors shoot for! Please provide your goal-driven number as well as the market those numbers apply to!

[Shaye Mora]

@Kyle Wells you bank on appreciation? One thing I would never do for a property! How do you put a number to that? Or how do you calculate the investment?

[Kyle Wells]

Originally posted by @Shaye Mora:

@Kyle Wells you bank on appreciation? One thing I would never do for a property! How do you put a number to that? Or how do you calculate the investment?

Oh, I don't invest in the Seattle market at all. I invest in Kansas City. I'm saying those that do are simply playing the appreciation and inflation game. Not going to cash flow there in short term. 

[Amber Gonion]

I agree with @Russell Brazil, I wouldn't touch a 2% property.  The biggest lesson new investors need to know is that no one is giving money away.  Good deals usually have drawbacks, you need to decide which ones are minimized by your strengths.  The stock market can make you rich tomorrow with the right timing, real estate is an  investment and usually takes time, but provides better return over that time.