2% rule for Asking Price

[Chris Garzino]

Hi Bigger Pockets,

Is the 2% rule used for multi-family property and SFR?

Thanks,

[John Warren]

@Chris Garzino the 2% rule is almost impossible to find in today's market. The idea works for any asset class, but be very careful using this rule of thumb today. You will probably get pushed into lousy areas where the returns are all on paper and not in real life.