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Updated over 9 years ago on . Most recent reply

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15
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3
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Sovannary O.
  • los angeles, CA
3
Votes |
15
Posts

2% Rule

Sovannary O.
  • los angeles, CA
Posted

Hi all, I am interested in investing in a buy and hold property within 30 miles of los angeles, ca where I can get the 2% rule. Can anyone make recommendations on a city?

Most Popular Reply

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3,534
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2,654
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David Krulac
  • Mechanicsburg, PA
2,654
Votes |
3,534
Posts
David Krulac
  • Mechanicsburg, PA
Replied

just rented a place for $895, recently bought for $36,000
have place for rent for $895 paid $32,000
rented place for $1,025 recently bought for $49,900
rented place for $795 recently bought for $41,000
have place for rent for $1,195 recently bought for $62,000
rented a place for $275 recently bought for $3,000

but one of the best was a place bought for $30,000, that the first tenant rented for $2,050 (yes,a month)

That 2% rule or even the 1% rule is impossible to get, so don't even try!

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