If you are in a hot and possibly peaked market (Things have slowed right down after the introduction of the foreign investor 15% tax) are there any real good opportunities to get cash flow positive properties?

Most people that I’ve had the opportunity to do business with use the percent of property value because it ties directly to the cost to repair the physical asset, whereas rental income can vary significantly in relation to the cost of repairing the property.

It has only been on Zillow for a day so they might not bite quick on the offer but judging by only 3 people saving the property it may be a great opportunity.

A few years of above average appreciation and people are assuming it goes up like this forever.HISTORICAL APPRECIATION= 3 to 5 percent, basically keeps up with inflation, unless you have external factors, such as large population influx, big employee opportunities moving into the area etc.

We have a large portfolio of single family rentals in the Metro Detroit area, so always looking to network new opportunities.

Thank you all so much for the opportunity.  

If you want to understand the Sacramento market better, and the opportunities that may be here feel free to reach out. 

The way I understand it, under LA city rent control notice to vacate can be given to an existing tenant to move out only if the owner (or related family member) intends to occupy the unit.  

Please don't take advice from anyone that doesn't own property (and a lot of it) in the market you intend to master.  

@ Anton - I checked out the app and it pretty useful and intend to buy it when I got home today.Also, we might have met at one of Ben open house a few months back in Claremont?