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Updated over 10 years ago,

Lorenzo Bernasconi's profile image
Lorenzo Bernasconi's profile image
Lorenzo Bernasconi
  • from Brooklyn, New York
  • Member since Sep 5, 2014
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9
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1
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Lorenzo Bernasconi's profile image
Lorenzo Bernasconi's profile image
Lorenzo Bernasconi
  • from Brooklyn, New York
  • Member since Sep 5, 2014
Connect
Lorenzo Bernasconi
  • Brooklyn, NY
1
Votes |
9
Posts
Buying & Selling Real Estate

2% rule in NYC

Lorenzo Bernasconi
  • Brooklyn, NY
Posted
Hi, I'm new to real estate investing and came across the 2% rule for investment properties. I'm looking to invest in NYC (5 boroughs) and can't see how this rule of thumb applies. Purchase prices seem so much higher as to make this target seem impossible. Any advice would be much appreciated! Thanks! Lorenzo
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