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Edward Dones
  • Real Estate Agent
  • Springfield, MA
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1% rule on multi family house

Edward Dones
  • Real Estate Agent
  • Springfield, MA
Posted Nov 2 2016, 16:16

hello everyone my question is, how does the 1% rule work on multi family properties. I live in western Massachusetts and I'm buying my first multi property and will be house hacking at the same time.

Rent for a 2-3 bedroom 1bath can go from 800-900 which is incredibly less than the 1% rule for a purchase price of 150k so is it the 1% rule for multi property house for the total of the property or for each unit. All help is appreciated and will be hopefully closing on a 2-3 family house within the next two months hopefully 

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