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Updated over 3 years ago,
[Calc Review] 1% rule frustration
Hello!
I've been practicing my deal-analysis skills using the BP calculators. I'm looking for cash flow properties (duplexes in particular), just using Redfin to get a feel for the analysis process and what inventory might be available. Lots of my deals are losers (at asking price) and some seem to be "base-hits." But even the "base-hits" don't pass the 1% test. (ie 1% rule) So... am I underestimated expenses? Overestimating rent? A link to one example is below. Many thanks for any thoughts.
*This link comes directly from our calculators, based on information input by the member who posted.