All Forum Posts by: Travis Boyer

Hi Ryan, I wouldn't go off of rents that the listing agent tells you, he is only in it to sell the house. I would contact a couple of realtors that are familiar with that area and ask them about rents. Also get onto Craigslist and see what houses in that area are renting for.  You "typically" want rent to be 1% of the mortage ie...$1,000 if the mortgage is $100,000. Ideally and for better cash flow  2% of the mortgage would be better.