Is the 2% rule good enough for you?

[Jonathan Sher]

Hello fellow BP friends, I have read many discussions on here about the 2% rule. To my advantage, I have been finding deals that exceed the 2% rule. I am about to close on a house that turns out to roughly be 2.7% turn-key rentable. These are not war zones, I feel very comfortable going into this neighborhood and walking around. It feels weird to me now to say "hey the 2% rule is not good enough" when that seems to be the rule of thumb for pre-qualifying (on paper) a property. What are you guys accepting and finding in your areas??

[Rich Schroeder]

I am routinely finding 3% deals. It's great, but I had to make some tough choices to get here. I had to pick up my life and family and move. Looking back, it was a great move. I love the area in which I live and it's close enough to my investing area to make it relatively easy to work on. In todays market, I would not even recommend doing 2% deals. Or at least I would make that my minimum requirement.