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Updated over 4 years ago on . Most recent reply

Joseph Bushnell's profile image
Joseph Bushnell's profile image
Joseph Bushnell
  • Contractor
  • from 83805
  • Member since Sep 5, 2020
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17
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3
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Joseph Bushnell's profile image
Joseph Bushnell's profile image
Joseph Bushnell
  • Contractor
  • from 83805
  • Member since Sep 5, 2020
Connect
Joseph Bushnell
  • Contractor
  • 83805
3
Votes |
17
Posts
Buying & Selling Real Estate

At what price point does the 2% rule break down?

Joseph Bushnell
  • Contractor
  • 83805
Posted

I'm in north idaho and the average price of a home is 350+. Closest I can get is foreclosures that need work and I'm having an extremely hard time finding deals that break 1%. My question is, is this just due to an over exuberant market or is there a price point where the 2% rule for quick initial analysis is no longer valid? 

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