All Forum Posts by: Tim Bee

I see your points.  Thanks for the reply. Let me specify.  Per door in my case would be single family, stand alone, houses in CA.  Just asking this question because my average rents are 1900 and excluding any loans my net income on average (including vacancy, rehab and all the other obvious costs) is about 1300/mo per house.

Ok, yea that was more what I was thinking at around the 50-80% mark excluding loans.  Mine are probably closer to about 60% net of total rent so thinking that puts me at about the average.

Wow!  $100 per door excluding mortgages/loans.  So if you rent out a home for $2000/mo that would mean the average expenses come out to $1900/mo.  Definitely time to fire that property manager :)

The 1% rule simply means that the total monthly rent should be equal to or greater than 1% of the purchase price.  For example if you buy a house for 200K the monthly rent should be at least $2000/mo.  A lot of people will buy a home for lets say 250K and rent it out for 1800/mo.  This would be a terrible deal and should not be purchased.  So, keep looking and don't ever settle for less than the 1% rule.  Because there are a TON of those deals out there.  Even in California!

Cash is one of many.  There are lots of ways to acquire a property.  Keep an open mind always.  Don't say I can't afford it say "how can I afford it".

I've been investing for 15 years and have 16 houses.  Lets say you do that.  You would be 75 with 16 houses.  How does that sound?

Certain cities in California can still get 1% rule.

Hi, I am new to this forum.  My question is what is your average net income per door?  Excluding mortgages/loans.  

Don't settle for anything that doesn't at least meet the 1% rule.