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What is The 1 Percent Rule in Real Estate Investing?

People have all kinds of reasons for doing things, and these reasons are often closely linked to the kind of upbringing that they got to enjoy as well as the values that govern their lifestyles at the very least to a certain extent if not more so. This kind of logic applies to home buying as well, with various people having their own pros and cons associated with this process at this current point in time. If you want an example of this, try to understand that some people will want to buy a home just so that they can have a secure roof over their head that would enable their families to start feeling happy as well, while others will much prefer to treat this as a form of investment that can enable them to start earning a massive amount of revenue in no time at all without a shadow of a doubt.

If you belong to the latter group, suffice it to say that you would need to acquaint yourself with the 1% rule before you do anything else at all. As a result of the fact that this is the case, before you buy homes for sale in Emerald Isle, you need to learn what the 1% rule actually is. The basic gist of this rule is that your purchased property should give you 1% of its total value in revenue every single month.

Hence, if you were to buy a property for around $300,000, you should ensure that it can give you $3,000 in rent every single month. That way you can recover the overall cost of the house in just eight years time!