The 2% rule has been discussed quite a bit on the forums and in blog posts. Since I am a new blogger (I wrote my first article for Bigger Pockets last week on buying HUD homes), I figured it was okay for me to add another opinion on the 2% rule. What peaked my interest was seeing a comment in one of the forum posts that said the 2% rule is great for beginning investors, because it helps keep them out of trouble. However- I think the 2% rule actually does a lot more harm that good with new investors.
I have been investing in …read more