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Buying & Selling Real Estate
HomeForumsBuying & Selling Real Estate2% rule in NYC
Lorenzo Bernasconi's profile image
Lorenzo Bernasconi's profile image
Lorenzo Bernasconi
  • from Brooklyn, New York
  • Member since Sep 5, 2014
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Lorenzo Bernasconi's profile image
Lorenzo Bernasconi's profile image
Lorenzo Bernasconi
  • from Brooklyn, New York
  • Member since Sep 5, 2014
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Lorenzo Bernasconi
  • Brooklyn, NY
1
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9
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Buying & Selling Real Estate

2% rule in NYC

Lorenzo Bernasconi
  • Brooklyn, NY
Posted Oct 13 2014, 05:45
Hi, I'm new to real estate investing and came across the 2% rule for investment properties. I'm looking to invest in NYC (5 boroughs) and can't see how this rule of thumb applies. Purchase prices seem so much higher as to make this target seem impossible. Any advice would be much appreciated! Thanks! Lorenzo
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