2% Rule in Greater Philadelphia Area

[David Lorenz]

Hello!

I'm in the process of looking for my first multi-family rental property (2-4 units) in the greater Philadelphia area. As I'm running the numbers I'm not getting anywhere near the 2%. Instead, the math is typically coming in closer to 1%. I know it's just a rule of thumb, but Is it possible to obtain the 2% in the Philadelphia market? Or have I just not found the right deal yet?

Dave