Updated about 5 years ago on . Most recent reply
At what price point does the 2% rule break down?
I'm in north idaho and the average price of a home is 350+. Closest I can get is foreclosures that need work and I'm having an extremely hard time finding deals that break 1%. My question is, is this just due to an over exuberant market or is there a price point where the 2% rule for quick initial analysis is no longer valid?