50% rule? And western Wisconsin multi- unit leads

[Philip Velleux]

2 questions / topics I'd like to get advice on. 1) How many of you successful investors strictly follow the 50% rule? I realize this is a pretty generic question just looking for some feedback. 2) How do I find every possible duplex or quad for sale within say 50 mile radius of Eau Claire wi? Thanks in advance for feedback.

[Andrew Syrios]

1. The 50% rule is at best a rule of thumb. Always use real numbers if you can and if you can't, be more conservative but also try to construct the expenses individually. The 50% rule is more to get a ballpark idea of whether a property is worth pursuing.

2. The MLS is the easiest way to get that info at least for listed properties (it won't include FSBO's). If you aren't an agent, you can still ask an agent to get you a list of such properties.