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Updated about 11 years ago,

David Lee's profile image
David Lee's profile image
David Lee
  • Wholesaler
  • from Lenoir, North Carolina
  • Member since Oct 17, 2013
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User Stats

297
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127
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David Lee's profile image
David Lee's profile image
David Lee
  • Wholesaler
  • from Lenoir, North Carolina
  • Member since Oct 17, 2013
Connect
David Lee
  • Wholesaler
  • Lenoir, NC
127
Votes |
297
Posts
Real Estate Deal Analysis & Advice

Need explanation of the 2% rule and is it a good deal?

David Lee
  • Wholesaler
  • Lenoir, NC
Posted

I am looking at purchasing a multiple-family property that is $250,000. It has a house that rents at $800 a month. It has four two bedroom one bath apartments that rent for $450 a month each and two one bedroom one bath apartments that rent out for $350 each. That comes to $3300 a month. Any help would be appreciated. Thanks in advanced David

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