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Reply to "$400K investment property with $2K monthly rent - worth to buy? How about the 1% Rule? "
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[quote=Anonymous][quote=Anonymous]I’m in Mclean. TH selling for 700-900k renting for 3000-4000/month have been snatched away by investors. I guess people just need somewhere to park cash for some safe return. None of them are near the 1% rule at all.[/quote] We're eyeing this situation for ourselves, but we're not overly enthusiastic. But the answer is for some diversity in our portfolio which has been all stocks, mutual funds and bonds. We have the cash and reserves plenty but it's still a hard sell in our minds. [/quote]
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