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Updated over 6 years ago on . Most recent reply

User Stats

16
Posts
7
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Michael Driever
  • Investor
  • Menifee, CA
7
Votes |
16
Posts

[Calc Review] Help me analyze this deal

Michael Driever
  • Investor
  • Menifee, CA
Posted

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Inland Empire, Southern California 2% rule? The closest I get with my estimations is .65%  This is very similar to the deals I am finding.  Am I being too conservative in my estimations, or is this the reality for my area?

  • Michael Driever
  • Most Popular Reply

    User Stats

    18
    Posts
    9
    Votes
    Chad Eisenhart
    • Rental Property Investor
    • York PA
    9
    Votes |
    18
    Posts
    Chad Eisenhart
    • Rental Property Investor
    • York PA
    Replied

    I do not know your area, but some areas just do not make good financial sense for renting single-family houses. That 2% rule would be a good rule to live by if you want to see positive cash flow.

    Then you have to go find a market you may not be familiar with and immerse your self in that location and get comfortable with the people you are going to work with.

    Two big takeaways I learned at my local real estate meetups are:

    1 - Nobody cares as much about your Sh** as much as you do.

    2 - Next! (the best thing you can say when looking at a deal) Don't get hung up on one deal.

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