There are no great deals on the West coast NOT

[Jay Hinrichs]

I don't do this very often but I took a lunch today with a BP member who I happen to like and I think I have given him some good advice over the last few years..

it was very much the same we see on BP .. IE there are no deals on the west coast etc. I told him to just dig harder and be patient.. well he bought a duplex last year that is doing very well.

But today he informs me he bought a five unit that once rehabbed will actually hit the 2% rule.. now I had to congradulate him. for someone who is a engineer working full time to pull that off is pretty great. But it can be done.. so he was patient worked the market and now has this 5 unit the other duplex and another duplex he said he JV with a contractor.. Now other than my encouragement to try to stay close to home he did it all on his own.. Very proud and happy for this Local Portland investor.