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Updated about 4 years ago,
1% Deals in San Antonio?
I am looking to invest in SA, and have been told by local realtors that I should discard the 1% rule as it is not realistic/ not the right thing to focus on. I find this strange because I have found many deals on the MLS that appear to break the 1% rule. I would prefer to break 1%, if it is doable in a decent B/C neighborhood with good fundamentals.
Are these realtors blowing smoke, or is there something I am missing? If 1% isn't possible, which target should I be aiming for?