1% rule investing in NYC area

[Ken Zhukov]

Greetings to all investors! Anyone has succeeded getting 1% rental rates on arv? I'm starting out in NYC metro, NJ area and was wondering if it is even feasable or just wistful thinking. I understand 1% rule applies to purchase price and goes south upon refinancing.. To some exceptionally creative investors it may be the norm thought. Thanks for any input! We learn together. BP is awsome place for that! Best of luck to everyone!