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All Forum Posts by: Alfonso Aramburo Zepeda

Alfonso Aramburo Zepeda has started 20 posts and replied 141 times.

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

Alfonso Aramburo ZepedaPosted
  • Investor
  • Riverside, CA
  • Posts 141
  • Votes 40

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 would be much appreciated!