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Updated about 5 years ago on . Most recent reply
Do you use 2% test (rule) or 1% test (rule) in South Florida?
I'm a new investor with lots of BP knowledge.
I'm looking for a douplex or triplex in south Florida to buy in a great price because I took a hard money loan. I tried to analyze one or two every day on paper for a while. NOW I changed the strategy ,decided to see good or bad deal faster with the 2% rule (test) but every time I make a contract people said my offers are way to low. I WOULD LIKE TO KNOW IF I SHOULD USE 1% OR 1.5% OR STILL 2% ?
Please help!
Most Popular Reply
@Dan Handford
I agree