All Forum Posts by: David Corboy

@Rodolfo Canon Yes that would. Do you have any rules or tests that you use to buy properties that meets those goals?

@Jay 

@Jay Hinrichs what would you say is a more feasible goal? As far as percentages go.

@Rodolfo Canon So would you say as long as the expenses are covered and there is positive cash flow, the 2% rule really doesnt come in to play? It's more of a suggestion?

I was born and raised in Denver and currently own a SFH that I live in (part time) and rent out the other rooms. I've been doing a lot of learning on rental properties over the last two years and would like to purchase a second rental. However, it seems impossible to find properties, even in surrounding areas, that can even break the 1% rule. Is there still money to be made for a buy and hold rental strategy in a hot market like this? What rules do you apply to hot markets that work for you?

@Justin M. what neighborhood did you find your deal in? Do you mind me asking some of the details so I can see an example?

To me this is incredibly shady. I realize that it might not be your intention but to get a new tenant and then raise the rent and then when they say they want to leave, to then not give them their money back is robbery. Again, I'm sure that wasn't your intention, but ethically speaking, this is immoral, unfair and predatory. 

I'm curious to see how other people analyze and eventually decide on purchasing rental properties for the long term, in a hot market like Denver. Thanks!