Posted by BTI on November 04, 2009 at 10:22:39:
In Reply to: Where's the Money? posted by Dr. B. (OH) on November 03, 2009 at 08:06:14:
B
The investors I'm familiar with in Ohio use the 2% rule for rents. In California the norm in the areas I deal in is 1/2% and I would fall over if I found 1% or greater, so my buy and holds are only commercial properties.
Suggest you find recent purchases by old timers and see what they are paying now days and follow suit.
BTI