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Updated about 3 years ago on . Most recent reply

Mariel DeVito's profile image
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Mariel DeVito
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Multi-Family and Apartment Investing

Does the 1% rule apply to Multi Family Purchases?

Mariel DeVito
Posted

BP offers a calculator to help determine whether a property is a "good" buy. In situations wherein you don't have access to the calculator, can you apply the 1% rental rule for SFH to MFP? What's the fastest way to determine whether a MFP is a "good" buy?

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Drew Sygit
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Drew Sygit's profile image
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Drew Sygit
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  • from Royal Oak, MI
  • Member since Jun 17, 2012
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Drew Sygit
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  • Royal Oak, MI
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Drew Sygit
#1 Managing Your Property Contributor
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  • Royal Oak, MI
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Quick calculations to evaluate 1-4 family properties, rarely work for 5+ unit properties. 

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