Double your cash flow with turnkey medium and short-term rentals from Rent to Retirement: or text “REI” to 33777
If you’re getting started in real estate investing, you NEED to know about some of the beginner “real estate rules of thumb.” These rules can help you quickly calculate whether or not a rental property or house flip may be worth buying, but are NOT the final calculations before buying the deal. You may have heard of a few of these—the 1% rule, the 50% rule, and now a new rule for 2024…the 10% target!
With the 10% target, you get the best of all these rules rolled into one. Except, the 10% target doesn’t just account for rent or cash flow—it factors in ALL the potential profit, so you can make the best decision possible before you buy a deal. If your deal meets or exceeds the 10% target, then you may have a home run deal on your hands that’ll beat out most other investments. Stick around because we’re going to explain exactly how to calculate it.
Hit the 10% target with high-ROI turnkey rentals from Rent to Retirement: or text “REI” to 33777
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00:00 Real Estate Rules of Thumb 00:34 Sponsor: Rent to Retirement! 01:43 The 1% Rule 03:02 The 50% Rule 03:44 The 70% Rule 03:56 Do These "Rules" Still Work? 04:38 The 10% Target 06:17 Why 10%? 09:46 Real 10% Target Example 13:02 Would You Use It?
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By: BiggerPockets Title: The New Real Estate Investing Rule You Must Know (No More 1% Rule) Sourced From: www.youtube.com/watch?v=YZy-LuOw3C8
