I came accross to one the websites about real estate today and has been considering buying a rental RE. Well the author was saying that you have to buy if you are buying a house in a middle income community all you have to do inorder to find out if the property you are about to buy is a cash cow is find out the rent(amount) then multiply it by 100 equal to the Price of the Property.
But if you are buying in a Minimum Wage Community you have to find out the rent of the house and multiply it with 72 equal to the Price of Property.
Thats how to estimate the Price of the Property.
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