1% and 50% rule/ & house hack

[Vladimir Amazan]

Hi, Rookie investor here

What are you fellow investors currently meeting for the 1% and 50% rule in the Miami market? 
from several different analysis (duplexes) I noticed that with the current market, specially in high-cost area like Miami, I will not hit those numbers
a few of those deals made sense based on what I’m looking for and will  also work post house hack, but at the same time they don’t meet the 1% and 50% rules.

what are your thoughts?

[Julien Jeannot]

Hi Vladimir,

Although I don't much about the Florida, my home Market of Seattle is extra expensive. I always caution investors about the "rules" and focus on the long term strategy.

You got to remember, the competition is pierced and everyone is looking for the unicorns. I've build my portfolio and retired from the W2 by taking rules with a grain of salt. In high appreciation, low cash flow markets, you'll 2x equity faster, cash flow will grow quite nicely over time and your wealth grow much faster.