Anyone having trouble finding good deals in this market?

[Sam Abraham]

Hello,

So I signed up for Pro yesterday and out of excitement I ran the calculator on about 50 multifamily homes to see if any would cash flow. It seems none of them would cash flow at the current price point because of how much real estate prices have gone up. Anyone else just thinking about playing the waiting game for real estate prices to at least correct? Some properties had potential but I would look at the price history and they would be 50%+ in the last two years which is crazy. I know good deals aren't supposed to be easy to find but the state of the market seems to have pushed the price too high on all deals. Also any good resources for maneuvering through an expensive market? My area is rather expensive so I am guessing my first purchase will have to be through FHA or FHA 203k.

Thanks

-Sam

[Zach Lemaster]

@Sam Abraham @Michael Din

Thanks for the shout out!  We do our best to find the best investment opportunities/markets to present to our clients to set them up for success.  This is how we've built our personal portfolio over many years by strategically investing in the areas that offer the best returns.  I would agree that you need to have a team established wherever you invest, but especially out of state.  It's taken us years to build the high quality teams we have in each location, and that is one of the main benefits of using this type of service along with learning from professionals in the space that have been successful investors already.  I'm happy to answer any specific questions either of you has.

Here are some good resources to read through as well with other investors sharing their experiences about investing from a distance:

https://www.biggerpockets.com/users/ZacharyCole/references

https://www.biggerpockets.com/forums/92/topics/518583-feedback-on-renttoretirement-and-zach-lemaster

https://www.biggerpockets.com/forums/92/topics/765347-rent-to-retirement-review

https://www.biggerpockets.com/forums/850/topics/895660-my-first-investment-property-an-out-of-state-deal

https://www.biggerpockets.com/forums/92/topics/983659-first-investment-property-with-rent-to-retirement?highlight_post=5677176&page=1#p5677176

https://www.biggerpockets.com/co/RentToRetirement

https://www.biggerpockets.com/forums/92/topics/929410-rent-to-retirement-updates?highlight_post=5508807&page=1#p5508807

https://www.biggerpockets.com/forums/92/topics/893621-rent-to-retirement-review?highlight_post=5222888&page=1#p5222888

https://www.biggerpockets.com/forums/311/topics/915728-experience-with-rent-to-retirement-turnkey?page=1#p5345200

https://www.biggerpockets.com/forums/92/topics/808479-rent-to-retirement-experiences

https://www.biggerpockets.com/forums/67/topics/952977-turnkey-in-indianapolis-through-rtr-case-study

https://www.biggerpockets.com/forums/12/topics/997350-lessons-learned-from-buying-my-first-rental-property?highlight_post=5748036&page=1#p5748036

https://www.biggerpockets.com/forums/12/topics/533693-anyone-worked-with-renttoretirement-turnkey

https://www.biggerpockets.com/forums/92/topics/581730-rent-to-retirement-zach

https://www.biggerpockets.com/forums/48/topics/874096-reviews-on-r2r-and-nch?page=1&utm_source=Iterable&utm_medium=email&utm_campaign=Transactional:%20topic_notification&utm_content=Transactional#p5123754

https://www.biggerpockets.com/forums/311/topics/883772-turnkey-investing-renttoretirement-feedback-reviews?highlight_post=5171720&page=1#p5171720

https://www.biggerpockets.com/forums/92/topics/950188-rent-to-retirement?page=1&utm_source=Iterable&utm_medium=email&utm_campaign=Transactional:%20topic_notification&utm_content=Transactional#p5535505

https://www.biggerpockets.com/users/ZacharyCole/references