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Updated almost 6 years ago on . Most recent reply

David Lorenz's profile image
David Lorenz's profile image
David Lorenz
  • from Plymouth Meeting, PA
  • Member since Aug 14, 2019
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David Lorenz's profile image
David Lorenz's profile image
David Lorenz
  • from Plymouth Meeting, PA
  • Member since Aug 14, 2019
Connect
David Lorenz
  • Plymouth Meeting, PA
12
Votes |
34
Posts
Buying & Selling Real Estate

2% Rule in Greater Philadelphia Area

David Lorenz
  • Plymouth Meeting, PA
Posted

Hello!

I'm in the process of looking for my first multi-family rental property (2-4 units) in the greater Philadelphia area. As I'm running the numbers I'm not getting anywhere near the 2%. Instead, the math is typically coming in closer to 1%. I know it's just a rule of thumb, but Is it possible to obtain the 2% in the Philadelphia market? Or have I just not found the right deal yet?

Dave

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