There was one similar property that was under contract at the time that this was listed and I believe the broker was optimistically hoping to fetch a similar price (the other one closed at $8k/acre).

Random quotes:“The intelligent investor is a realist who sells to optimists and buys from pessimists.” - lots of pessimists out there right now trying to sell.

In the last 2 decades I’d be hard pressed to find any friend, relative, acquaintance who does not live/ invest in the Bay Area speak optimistically about it.

The rent rates and ARV's are if not outright wrong, very optimistic.

Let's say you have $1M in the bank (I don't have that much, but for the sake of argument).1. invest in S&P 500 ETF - the historical average is 7.96%. 2. buy 4 properties in Texas - good school, good neighborhood according to roofstock, you can purchase a house near Houston for $230k withAnnualized Return = 7.5%, Cap Rate = 4.8%, Gross Yield=10.1%, Appreciation 4.4%, monthly cash flow = $900.It seems like it's about the same as S&P 500 but I don't have all my assets in the stock market.I understand that the number on roofstock might be optimistic.

Always optimistic, we never save money and use it all on RE.

There are some good strategies in here, but it doesn't cover how to get out of positions and is overly optimistic.

optimistic.

The Seller is almost always going to have an optimistic approach on what a property is worth!

It was very difficult for me to remain optimistic about being an investor/landlord.Our second tenants were perfect.