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All Forum Posts by: Andrea Bailey

Andrea Bailey has started 6 posts and replied 11 times.

Real Estate Deal Analysis & Advice

Post: Breaking the 50/50 and 2% Rule...should I?

Andrea BaileyPosted
  • Real Estate Investor
  • Coeur D Alene, ID
  • Posts 11
  • Votes 4
I have heard several (if not many) of the BP podcast guests say they use the MLS to find good deals. I look on the MLS almost every day, and the 50/50 & 2% rules absolutely do not apply. In my town real estate prices are up (although moderate, comparatively speaking) and rent prices remain low. Is there anytime you would break these rules? Should I be patient and look outside of the MLS? Any advice would be appreciated. I live in a north Idaho resort town.
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