With this approach you are able to cashflow as soon as the property is full.Best of luck.

I’m not looking for a completely passive approach, even though I’d be managing it from outside the country.

As we approach 25K active listings on the market, we are starting to see a balancing of Seller and Buyer, and some soft corrections are underway. 

I like the 1% rule it's a conservative approach to underwriting and aligns with my risk mitigation techniques.

Have you thought about this approach or considered a phased plan to build up your portfolio?

I think it will be good to look for a balanced approach.

And with price and rent appreciation in CA, we feel confident in the long term approach with these properties.

The only approach I’ve found effective is offering a deposit alternative, which lowers upfront costs for tenants without devaluing your property.

Currently, we are targeting multifamily properties of 100+ units, and have been actively engaging with various owners and brokers, submitting Letters of Intent (LOIs) and working to secure deals.While some may consider our approach bold for new investors, we are confident that, with the right team and expertise, we can succeed in achieving our objectives.I’m excited to be part of this community and look forward to learning from your collective experience.

Our negotiation approach focused on building rapport with the seller, allowing us to secure the property below market value.