Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago,

User Stats

2
Posts
0
Votes
Diana Nakano
0
Votes |
2
Posts

Can you get 2% in Cali? or anywhere near the Bay Area?

Diana Nakano
Posted

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.

Loading replies...