Check Rent First: 1% Rule
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Stop right there. Before the price. Before the photos. Before the neighborhood. There’s ONE number
you check first on every rental. The rent. Because rent decides everything.
If the rent is too low, the deal is already dead. Here’s a quick rule
beginners can use. Monthly rent should be close to one percent of the purchase price.
So a two hundred thousand dollar property should rent for around two thousand
a month. It’s not perfect. But it filters bad deals FAST. Check rent first.
Then run the rest of the numbers. Follow for beginner real estate tips.
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