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Updated over 6 years ago,
1% or 2% rule in Orlando?
Hi everyone!
So I've heard about the 1% rule & 2% rule (or guidelines) when purchasing a rental property: the monthly rental rate should be 1%-2% of the total amount you have in the property to make it a good investment.
From those who have successfully invested in the Orlando area, what kind or percentages are you seeing (if you don't mind sharing)? And where in the Orlando market are you seeing these percentages?
I still haven't purchased my first property, so I'm trying to get a feel for what I should be looking for when looking in the Orlando area.
Thanks in advance!