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Updated about 10 years ago,

Marci Stein's profile image
Marci Stein's profile image
Marci Stein
  • Rental Property Investor
  • from New York, NY
  • Member since Jun 10, 2011
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User Stats

942
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501
Votes
Marci Stein's profile image
Marci Stein's profile image
Marci Stein
  • Rental Property Investor
  • from New York, NY
  • Member since Jun 10, 2011
Connect
Marci Stein
  • Rental Property Investor
  • New York, NY
501
Votes |
942
Posts
Buying & Selling Real Estate

2% rule is there but....

Marci Stein
  • Rental Property Investor
  • New York, NY
Posted

I am aware that a good rental brings in 2% of the purchase price, but in this case the 

house I am looking at has $500 (5500 yrly) a month in taxes . 

How do I take that fact into consideration ? Is  the 2% now reduced to 1 .5 % and now 

it's not such a good buy?

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