Found 2% rule triplex and multi family.
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?