Double your cash flow with turnkey medium and shortterm rentals from Rent to Retirement: https://www.renttoretirement.com/'>https://www.renttoretirement.com/ 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 highROI turnkey rentals from Rent to Retirement: https://www.renttoretirement.com/'>https://www.renttoretirement.com/ or text “REI” to 33777

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Check Out More Episodes of “The Data Show”:
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See Dave’s Full 10% Target Deal:
https://www.biggerpockets.com/resourc...
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2% Rule? 50% Rule? Here’s the #1 Real Estate “Rule” I Use to Assess Property:
https://www.biggerpockets.com/blog/20...
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The 1% Rule Is Dead:
https://www.biggerpockets.com/blog/1...
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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?