All Forum Posts by: Rob U.

Good article and congratulations. One thought... You do not want to be holding luxury units with debt going into the next recession, not if you want to be playing this game for a long, long time. 

In Colorado, a property for sale for $260,000 (built 2009), monthly rent $1,700 for this property. Unless I'm buying crack houses, there is no chance of paying $85,000 for a property and getting anywhere near $1,700 in RELIABLE monthly rent.  Also, you're telling me that I should assume $850/mo in expenses?  That is very unrealistic, more like 10x too high actually.  I could buy property in Kansas, follow the 2% rule, and have deadbeat tenants who don't pay rent, don't have stable jobs, and property values stay flat for decades.  

Someone please explain how the 2% and 50% rules make you money in real estate, not in theory, but in actual practice!