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All Forum Posts by: Ray De La Garza

Ray De La Garza has started 1 posts and replied 1 times.

Buying & Selling Real Estate

Post: Following the 1% rule

Ray De La Garza
Posted
  • Posts 1
  • Votes 1

With the way the housing market is, must the 1% rule be followed in order to be profitable? For example, if an 1800 sq ft home is selling for $285K, it might not be feasible to rent it out for $2850 per month. Especially if the square footage is less than 2000. Depending on the rental comps, the living space would probably rent out for $1500-1900 per month. Thoughts?

1 Vote
Houston, Texas