Updated almost 12 years ago on . Most recent reply
Need explanation of the 2% rule and is it a good deal?
I am looking at purchasing a multiple-family property that is $250,000. It has a house that rents at $800 a month. It has four two bedroom one bath apartments that rent for $450 a month each and two one bedroom one bath apartments that rent out for $350 each. That comes to $3300 a month. Any help would be appreciated. Thanks in advanced David