1%- 2% rule in Boston area

[Mark McDonough]

I’m new here and am still in immersing myself in all the BP Blogs and pods. Just wanted to ask some experienced investors about the 1% or 2% rule. I know it’s more of a guideline than anything, but is it a realistic model these days for properties in the greater Boston area?

The more and more I research, the more discouraged I get about jumping in. I don’t want to pull the trigger on a deal just for the sake of making a deal. Breaking even/ hoping for appreciation makes me nervous.

A few years back it may have been a

different story, but now I have my current home and 2 kids to consider. Thanks for any feedback