2% rule in Connecticut

[Andres Bernal]

Hi guys, 

Im a real estate investor in the new haven county and @Joshua Dorkin and @Brandon Turner mentioned the 2% rule couple times in the best podcast in the world (im such a huge fan) meaning that the total of your rentals income should be 2% of the purchase price. Im a buy and hold guy but it seems that in Connecticut thats a little bit hard to find.

Any thoughts of somebody thats has any rental properties? or know wants to discuss about it?

[Jim Shiminski]

Seeing the same type of properties here in Portland, Maine.  I have recently started into real estate again. Very different market than what I had played in during the late 80's.  We can't get close to 2%. I am resigned to be patient and to look for properties that can be upgraded for increased value.  Looks like a seller's market for sure but there's still opportunity.  Patience is easier for me now. In my 20's,  not so much.