This one was a normal sale.

I'm offended that nobody included me in in this conversation.

My (unrealistic) goal is for this post to put this debate to rest.

Purchase price: $75,000 Cash invested: $95,000 Bouight this 6 units with owner finance.

If I could find a duplex that sells at that number and is rent-ready, I'd actually be pretty close to 2%.The problem is that if I inverted my analysis and said, "Hey - this hits the 1% rule!"

Purchase price: $3,200 Just bought this piece of vacant land. 2 acres out in the desert.

@Jesse Simmons  I did a similar deal as this in the past. 

This keeps it fair.

Some realtors may have ethical problems with this.2.

There are a few more “big ticket” items that need to be considered (Minisplits & landscaping) but most of the major costs have already been accounted for on this property.We currently have a 30 year conventional mortgage with a 7.125% rate on a purchase price of $750k.