1% rule and SFH and MF deals in Seattle?

[Yuan Zhong]

I am a newbie in Seattle looking to start out in real estate to build long term cash flow. BP community is an AWSOME place! I Got out of biz school last year and now have a busy day job. As I spent whatever spare time I can squeeze hunting for potential SFH or MF investment, I find it extremely difficult to had find candidates that meet even the 1% rule, let alone the 2% rule. Is that because I simply need to look thronging enough listings to find one or is it that certain market has higher entry price making the 1% rule less relevant? Appreciate any insight on this.

[Zach Schwarzmiller]

I don't use the 1% rule but I am able to find/buy 12-15+ IRR deals on Multi-Family on outskirts of Seattle. Off-market deals are the best. Find properties you like and write the owners!