When Calculating Rents, Does The 1% Rule Include Tax, Ins?

Or will those things need to be added separately?

quinn

Comments(1)

  • myfrogger16th April, 2004

    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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