All Forum Posts by: Bryan Cork

thank you all for the info......its going to take me a little while to absorb it all but your input really helps. Drinking from the fire hose again! @Chris Lopez, thanks for those files. I will be studying those closely.

I had a question for you smart and wonderful people. Speaking generally, in appreciating markets like Denver, or in my hometown of Colorado Springs, does property tend to appreciate faster than rental rates? And is that the reason that finding deals that cash flow at double digit returns get harder and harder to find? I’m new to the game and in the stage of learning, so let me know what you all think. Thanks!

Thank you all for the great info! I had a hunch that the 2% rule did not apply to my local market, or, it was something that applied a while ago. Sounds like it’s a little of both 😁.

Thanks a ton Les, feels good to have someone with your credentials let me know I’m on track. Also, I think it’s incredibly cool that we are able to connect on this nationwide platform but in reality we are practically neighbors! I’m up in D-20 as well so maybe you have taught my kids at some point! Small world 😁

Also, I’m loving the podcasts! Thank you for all the great info!

Hello everyone, my name is Bryan Cork and my family and I live in Colorado Springs. I am married with 2 not so little kids and am looking to establish a solid portfolio of rental property that will last into my kids future. I am fairly new to investing, and have one SFR so far and has been nothing but a blessing for the two years we have owned it. However, I do have a question for you smarter/ more experienced folks. On the podcast named “the ultimate beginners guide to real estate investing” they state a basic rule of thumb that when looking at rental residential property, the monthly rent should be approx %2 of the purchase price. With the example given that a $100,000 property should rent for approx $2000. Is this correct? Those figures seem incredibly high for our market. Did I miss something? My property is free and clear, and I have about $220,000 into it. It rents for $1550 currently which I thought was a nice return, but I’m way under that figure. So if I did my math right I’m at .7% of the rent to purchase price and I’m getting like 7% cash return. Let me know what you all think! Thanks!