Frustrated with no multi family properties

[Juan Mora]

I have been searching for investment opportunities for a few months now and had zero luck.  The single family properties that look reasonable for a flip or flip and hold are snatched up for a lot higher than what my numbers show I should get them for.  

I have been unable to even submit an offer because they are gone within 2-3 days.  

The only duplex and triplex that I am finding in San Diego are over $700+ and makes it really hard to enter the market.  I am somewhat hesitant in buying something out of state sight unseen or thru facebook.  Here are the two properties that seem "doable" in San Diego but the location sucks. 

One property in San Diego was REDUCED by $250,000!! That's a quarter of a million dollars that they just cut the price in.  It shows that sellers have no idea what their prices should be.

https://www.zillow.com/homedet...

https://www.zillow.com/homedet...

https://www.zillow.com/homedet...

It almost feels like these sellers have already flipped their properties within the year and now they want to unload their properties before a recession.  

What do you guys think of the units above? I would be renting one of the properties to my brother and qualify for a FHA loan and rent the other.

[Bob Stevens]

Quote from @Juan Mora:

I have been searching for investment opportunities for a few months now and had zero luck.  The single family properties that look reasonable for a flip or flip and hold are snatched up for a lot higher than what my numbers show I should get them for.  

I have been unable to even submit an offer because they are gone within 2-3 days.  

The only duplex and triplex that I am finding in San Diego are over $700+ and makes it really hard to enter the market.  I am somewhat hesitant in buying something out of state sight unseen or thru facebook.  Here are the two properties that seem "doable" in San Diego but the location sucks. 

One property in San Diego was REDUCED by $250,000!! That's a quarter of a million dollars that they just cut the price in.  It shows that sellers have no idea what their prices should be.

https://www.zillow.com/homedet...

https://www.zillow.com/homedet...

https://www.zillow.com/homedet...

It almost feels like these sellers have already flipped their properties within the year and now they want to unload their properties before a recession.  

What do you guys think of the units above? I would be renting one of the properties to my brother and qualify for a FHA loan and rent the other.

You need to go out of state like 100s of investors from Ca, 10% + net caps ( based on cash purchase ) are To be had. I l just picked up a 7 unit all in 200k, NET rent about 35k, on gross of about 46k, not so bad .Its all about knowledge