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All Forum Posts by: Steve Stuart

Steve Stuart has started 3 posts and replied 41 times.

Post: My deals always end up in the negative.

Steve StuartPosted
  • Rental Property Investor
  • Myrtle Beach, SC
  • Posts 41
  • Votes 54

Jonathan - 

That house is far too much money to be considered an investment. A very simple way to determine the max price to pay for a house is to divide the monthly rent by 1%...Therefore if the monthly rent is $2250/0.01 - the most you'd want to pay for the property is $225,000. Personally, I aim for 2% and the closer the deal is to that, the more excited I get.