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Daniel Kurnath
  • Warwick, NY
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North Jersey and the 2% rule

Daniel Kurnath
  • Warwick, NY
Posted Dec 17 2017, 09:06

I know that in certain markets expecting a 2% monthly rental/purchase price is unrealistic. I've been evaluating properties in North Jersey in towns like Wayne, Parsippany, Rutherford, Nutley, Summit, Cranford, Westfield, Montclair, Vernoa, and Weehawken. I don't see anything approaching 2%, what percentage do other investors in this area typically consider to be an acceptable monthly income/purchase ratio?

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