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Updated almost 4 years ago,
50% 2% rule
Hello,
About the 50-2 rule, I wanted to ask how attainable is that rule in major cities? I live in Seattle and it's pretty difficult to find deals that pass that rule. I have been able find properties that pass the 50% rule (but I think that's thanks to the low interest rates of these days) but the 2% rule is insane lol. duplexes and fourplexes are way off the 2% rule, although some inexpensive SFU get close as well as larger 8+ multiunits.
Anybody has any similar cases? I can still cashflow with 1-1.5%. Where are you more likely to find 2% like properties in the USA
Thanks in advance for any inputs. Maximo