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Updated over 5 years ago on . Most recent reply

User Stats

140
Posts
40
Votes
Alfonso Aramburo Zepeda
  • Investor
  • Riverside, CA
40
Votes |
140
Posts

What is the best deal you've landed In South California

Alfonso Aramburo Zepeda
  • Investor
  • Riverside, CA
Posted

I've been analyzing deals for a couple months and the best I've found is .6% purchase-rent ratio. No one meeting the 1% rule. Someone has had any luck lately?

My strategy is buying a property, touch it up while living in it. Then slowly improve it so I can rent it after 2 years. I'm already approved by the lender, have proof of funds, have made about 7 offers and 3 have countered with a higher price that throws a .5-.6% ratio.

Any ideas as to how to improve my search and find that killer deal?

That will be much appreciated!

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