Found 2% rule triplex and multi family.

[Josiah Richard]

So the reason for this post is going to be as clear as possible. I have been doing the math, using the BP calculators and found two properties that are 2% or just under.

The one I like best should cash flow about 288 per door for a triplex. Problem is even if I find these “deals” how do I know I did my math right. How do I know if something would need renovation or not. Both are occupied with tenants.

Second problems is let’s say every is perfect. I still have no money to invest. I haven’t got to the zero or no money down book yet. Been reading others on my way to it.

So basically my biggest question to start with is how do I know if I buy a property (tenant occupied) whether or not I need to update or renovate? How do I calculate that into my math?

[Michael Noto]

@Josiah Richard I would take this one step at a time. First step, save money and learn the business. While you are saving money start researching what it costs to get things fixed in your area. 

To pursue almost any niche in the real estate world you will either need your own money and/or access to other peoples money and an essential step in getting "access to it" is for people to have confidence that if they give you money you have the experience and know how to perform.