The 1% rule is a worthless rule. What you should do is add up the income and expenses and then see if the property cash flows.
I do use the 1% rule as the very first thing I even consider in a house. If the 1% rule passes I look at it closer. I would definatly not base any purchasing decision off the rule.
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The 1% rule is a worthless rule. What you should do is add up the income and expenses and then see if the property cash flows.
I do use the 1% rule as the very first thing I even consider in a house. If the 1% rule passes I look at it closer. I would definatly not base any purchasing decision off the rule.