Having hard time finding properties that match 50% rule :(

[Sachin Bhat]

I bought an sold 2 properties and own my single family 5 bedroom home in CA which I am currently house hacking and living mortgage free. Living frugal life and saving to invest over the years I saved good chunk of money. I have studied books, listen to BP podcast for many many years, watched RE related YouTube videos to educate myself and attended few seminars etc but I’m getting stuck finding the right property. What I mean is property in a decent C class neighborhood (Multifamily) that meets the 50% rule. Most of the property I come across are over priced according to the 50% rule. I don’t want to buy a property just own a property, I want it to be a solid buy so I don’t have to worry about future economic fluctuations such as Recessions etc. how and where do I find such properties? No luck on Loopnet :(

Maybe I just meet to attend more RE meetups and network and find a Multifamily wholesaler?

Is there any other way? Thanks

[Brandon Sturgill]

@Sachin Bhat good job on the house hack...sounds like you're in a good spot to invest. To be blunt, I would stay away from any rules like the 50% rule for the basis of decision making...it's like reading tea leaves...unfortunately, the folks on BP push these rules and get everyone freaked...

What type of property are you looking at...small multifamily? (2-4 units)