A small fraction of these people ever find a deal.

There appears to be great opportunities to own for a fraction of CA investment, yet I am fearful of the rental market and the amount of time the property will remain vacant, including the distance, and type of tenants,  and whether the rental demand is solid in such cities. 

Recognizing that there is some intangible costs but that should be very fractional for example lost rents if you piss your tenant off my not complying with their request for the dishwasher they might/or might not move out.

Warren Buffet can afford to use $100k of HELOC funds on an investment because that borrowed money is just a tiny fraction of his net worth--even if he lost it all, he could easily pay off the debt with other funds and move on with his life.

But it really didn’t matter how wrong (or how right) they were when they were consistently buying at a fraction of home replacement cost.

Most of my California investors are buying in IN, OH, TN and FL.Another great location for STR is on the Oregon Coast great properties that are selling at a fraction of the price compared to Cali homes on the coast.

The volume from direct mail is a fraction of what we receive from our call center which we own.

The idea is each investor gets a fractional percentage ownership in the property (think similar to Pacaso) + an allocation of time to use the property as a vacation home.

In my experience (and many others, I'm sure) only a tiny fraction of wannabe investors actually pull the trigger an buy something.

I believe he said it would be something like a tax on every transaction but it would only be like a penny or a fraction of a penny because of their immense volume.