This rule is used as a quick rule of thumb when you are determining the amount you should be charging rent on your property. The rule states that the grossly monthly rent of your property should be equal to 1% of your total investment on the property. Remove the 1% in that sentence to 2% and you have the 2% rule.
2 Comments
Leave a reply
Hello sir ,,all man this vert helpful. I am in the process of house hacking and need as much advice that you can give me. I am looking for my first house hacking opportunity and I am hoping that you have more videos to help me out where can I find more?
Richard, thanks for following. Use the contact form to shoot me a message and I’ll get you more resources on house hacking!