Quote:
Originally Posted by
macjoubert
How do you determine rent based on your purchase price? Thats new to me.
You don't determine rent. You do analysis and see what the market rent would be relative to the sales price to see if it is a logical purchase for a rental. I get nice rentals (not duplexes, etc) in nice neighborhoods and am able to get about 1.1% of total cost (sales price + refurb) in monthly rent.
So, for a house that takes $150k to buy, I need to get at least $1650 in rent. If I can't, I move on....