Updated about 5 years ago on . Most recent reply
2% (1% or 1.5%) rule quandaries
If you are house hacking does does that mitigate the risk if your property isn’t meeting the 2% rule??? In a nutshell I’m looking at a 2unit property with a potential income of 28,800 with purchase price of 276500. It’s going to be a complete rebuild so cap ex and maintenance will be negligible. I’m adding the rehab cost into the purchase price. I would be living in one unit so The property is providing benefit other than just the income. Does this make any difference?