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Zachary Decker
  • Investor
  • Anchorage, AK
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2%+50% rule in Anchorage?

Zachary Decker
  • Investor
  • Anchorage, AK
Posted Aug 16 2015, 11:05

Hello Anchorage area investors,

I'm making an offer today on a duplex. It's in good shape, cute, in a nice neighborhood and in my price range. After watching the market for the last six months it seems like a good find. It doesn't however meet the 2% rule and barely makes the 60% rule. I understand these are rules of thumb rather than commandments one must follow, but I'm curious whether this is typical in Anchorage or perhaps the duplex isn't as good of a find as it appears on the surface. 

Thanks,

Zak

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