Hey, /biz/. I'm moving to a medium-sized college town in

>>1350758
>Buying a 3 bedroom house for $30k

Nigga wtf?

>>1350788
http://www.zillow.com/homedetails/1513-Victoria-Ave-Arnold-PA-15068/10615206_zpid/

>>1350788
On the outskirts of pittsburgh, it's not unusual to find foreclosures around that price

Just use the 2% rule

copypastad from tinypockets

>The 2% rule states that your monthly rent should be approximately 2% of the purchase price. In other words, a $100,000 home should rent for $2,000 per month; a $50,000 home should rent for $1,000 per month. This is a very conservative estimate that is very simplistic, but can help in deciding if a property warrants a deeper look. In most parts of the country, the 2% is very difficult to achieve, but the closer you can get to that, the better cash flow you'll receive.

>>1350885
Seems like with foreclosures, you can get much better than 2%.

>>1350964

yea just got to be careful about the crime

usually cheap foreclosures= lots of crime

>>1350998
I know the area pretty well, so I can focus on neighborhoods that I know are safe.

also, bump

>>1350885
Is this for real?
In my part of the UK, most buy-to-let investors are comfortable with returns at ~4% p.a.