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Chris Garzino
  • Bergen County, NJ
6
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79
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2% rule for Asking Price

Chris Garzino
  • Bergen County, NJ
Posted

Hi Bigger Pockets,

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

Thanks,

Most Popular Reply

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John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
5,111
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6,062
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John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
Replied

@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. 

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