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Updated almost 4 years ago,

Sheena Drake's profile image
Sheena Drake's profile image
Sheena Drake
Pro Member
  • Member since Dec 22, 2020
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81
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36
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Sheena Drake's profile image
Sheena Drake's profile image
Sheena Drake
Pro Member
  • Member since Dec 22, 2020
Connect
Sheena Drake
Pro Member
36
Votes |
81
Posts
General Landlording & Rental Properties

numbers used for the 2% rule

Sheena Drake
Pro Member
Posted

Is the suggestion to use purchase price  as the denominator for 2% rule or total cost (purchase+rehab+closing cost+appraisel)?  I've been using total acquisition cost, and my numbers still are 1.5 or greater but would like to be doing this correctly.  Thank you

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