The 1% Rule

The 1% rule is that if a property rents roughly 1% of the selling price, you're probably going to make cash flow on that. So I bought this, I knew nothing, Tom. I had nothing and the broker and they, everybody walked, held my hand and walked me through it. And before long, I could tell you in five minutes if a unit was going to make me money,. I got so good that I bought one side unseen. It's been sending me money every month ever since then.