I have already spent a great deal of time pooring over these forums to expand my knowledge.

Maybe it was just too small of a recession in the US.If we want to debate central banks and fiat money we can do so but that would not be a discussion really on topic.As someone who thinks there are serious problems yet is aggressively expanding your RE portfolio what are you doing to hedge or otherwise protect your position?

I have read several posts regarding the 2% rule and the 50% rule, can anyone briefly expand on these two rules?

Speak to a mortgage broker in your area… They will have traditional mortgage lenders and also should have access to hard money lenders and rehab lenders.

Also, through our relationships we have access to some great REO Packages in the US.

The twist for RE is when you can get access to the capital and still hold the asset.

You need to be accessible by phone of course.

The 2% rule would tell you it would need to be priced at $240,000 to make money.Making one unit accessible might not be that much extra, unless you're talking elevators or that sort of thing.No numbers were attached.

There are usually investors and wholesalers there pitching their properties.Also, try checking Craigslist.org, as well as your local mls- if you don't have access to the mls, find an investor-friendly realtor and have them run a search for you.Call all of the investors/ wholesalers who have "We Buy Houses" ads/signs and see if they have properties available.Good luck,Steph

Yes, there is a major housing shortage because the university is expanding, but the SLO city officials don't want any more housing to be built.