How to set the perfect rent price?
Prior to purchasing your property its important that we spend a significant amount of time looking at the market rent rates in the area of interest. This will then be used to calculate our cash flow from the different deals we are going to observe. As a starting point – you should have a pretty good idea of what a 1, 2, and 3-bedroom unit rent for in the city you’re looking to make the purchase. I would then start looking more in depth at each specific neighborhood – you will