Landlords buy properties to rent them out long-term. The 1% rule says a rental property should generate monthly rent equal to about 1% of its purchase price: a $100,000 house should rent for roughly $1,000 a month.
Landlords. These are long-term holders of real estate who buy properties to rent out to tenants. You can find them the same exact way you find flippers. Now, when you're talking with a landlord, ask them what kind of properties they're looking for and what kind of return they're expecting on their investments. A lot of landlords abide by something called the 1% rule. The 1% rule in real estate is you want your property to rent out for 1% of the total purchase price every single month. So in order for one of these landlords to buy your house for, let's say, $100,000, the property needs to rent out for $1,000 a month.
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