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Updated over 5 years ago on . Most recent reply

Daniel St cyr's profile image
Daniel St cyr's profile image
Daniel St cyr
  • Rental Property Investor
  • from Margate, FL
  • Member since Jul 25, 2015
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Daniel St cyr's profile image
Daniel St cyr's profile image
Daniel St cyr
  • Rental Property Investor
  • from Margate, FL
  • Member since Jul 25, 2015
Connect
Daniel St cyr
  • Rental Property Investor
  • Margate, FL
2
Votes |
25
Posts
Real Estate Deal Analysis & Advice

Do you use 2% test (rule) or 1% test (rule) in South Florida?

Daniel St cyr
  • Rental Property Investor
  • Margate, FL
Posted
I'm a new investor with lots of BP knowledge. I'm looking for a douplex or triplex in south Florida to buy in a great price because I took a hard money loan. I tried to analyze one or two every day on paper for a while. NOW I changed the strategy ,decided to see good or bad deal faster with the 2% rule (test) but every time I make a contract people said my offers are way to low. I WOULD LIKE TO KNOW IF I SHOULD USE 1% OR 1.5% OR STILL 2% ? Please help!
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Daniel St cyr's profile image
Daniel St cyr's profile image
Daniel St cyr
  • Rental Property Investor
  • from Margate, FL
  • Member since Jul 25, 2015
Connect

User Stats

25
Posts
2
Votes
Daniel St cyr's profile image
Daniel St cyr's profile image
Daniel St cyr
  • Rental Property Investor
  • from Margate, FL
  • Member since Jul 25, 2015
Connect
Daniel St cyr
  • Rental Property Investor
  • Margate, FL
2
Votes |
25
Posts
Daniel St cyr
  • Rental Property Investor
  • Margate, FL
Replied
@Dan Handford I agree
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