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Updated almost 11 years ago on . Most recent reply

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24
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8
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Jeremy Rasmussen
  • Stillwater, MN
8
Votes |
24
Posts

Buy and Hold

Jeremy Rasmussen
  • Stillwater, MN
Posted

Looking at my first duplex and was wondering if the 1% or 2% rule still applied when I plan on living in one of the units for at least a year(FHA Loan).

Most Popular Reply

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788
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284
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Bryan H.
  • Investor
  • Willow Spring, NC
284
Votes |
788
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Bryan H.
  • Investor
  • Willow Spring, NC
Replied

I'd focus on the 50% rule more than the yield the property produces. Run the numbers and look at cash flow with you living there and in a year from now.

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