2% Rule

[Sovannary O.]

Hi all, I am interested in investing in a buy and hold property within 30 miles of los angeles, ca where I can get the 2% rule. Can anyone make recommendations on a city?

[David Krulac]

just rented a place for $895, recently bought for $36,000
have place for rent for $895 paid $32,000
rented place for $1,025 recently bought for $49,900
rented place for $795 recently bought for $41,000
have place for rent for $1,195 recently bought for $62,000
rented a place for $275 recently bought for $3,000

but one of the best was a place bought for $30,000, that the first tenant rented for $2,050 (yes,a month)

That 2% rule or even the 1% rule is impossible to get, so don't even try!