2%+50% rule in Anchorage?
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