Updated over 12 years ago on . Most recent reply
2% rule irrelevant in CA?
I am curious about the 2% rule. I am seeing it used when people talk about a property under 80k or so which is not realistic in California. Also, If one were to purchase a 4 unit in California at about $400k (which is good), a 2% of $400k is unrealistic for a monthly rental income. Am i misunderstanding this concept or does my theory hold true in California?