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Updated about 4 years ago,
Can you get 2% in Cali? or anywhere near the Bay Area?
So thank you Michael Evans I saw your answer for another post about how you can also use the 2% rule, which states that the monthly gross rent should be at least 2% of the purchase price. If I put that into play I would be charging over 13000/Mo for rent in San Jose in a not so great area. I wish! I would love to sell the property that I have now to get something that is a better investment. I worry because it is in San Jose and property values usually go up. I have been binging the podcast and reading like crazy. I am still trying to figure out how to turn a 600,000 house into something with more units and more income.