Is anyone hitting the 2% Rule in Nashville?

[Ross Dallas]

Are any of you Nashville investors getting deals in the 1-2% income/expense ratio? It seems like in this market you have to buy a property for greater than what you should be able to rent them out for. I get that it’s a “rule” and not a rule but I don’t want to get into buying for appreciation and get nailed on expenses.

[JD Martin]

I doubt hardly anyone is getting 2% anywhere unless you're talking about some serious ghetto stuff. I was getting 2% stuff in 15/16 but no way now, and I'm in a much cheaper area than Nashville (still in TN).