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Wayne Freeman
  • Wholesaler
  • Pawtucket, RI
15
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54
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question? about the 2% rule

Wayne Freeman
  • Wholesaler
  • Pawtucket, RI
Posted Apr 6 2014, 15:29

the 2% rule says that a 100,000 house... You need to get 2,000 in rent.

What if you get a 100,000 house and you spend 40,000 on rehap. Now do you do the 2% rule on the 140,000. Or you still do it on the purchase price of 100,000

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