Purchase price: $1,410,000 Cash invested: $282,000 16 unit major value add off market multifamily apartment purchased in June 2022 without any investors or outside capital.

Who is identifying these markets for you?

But with the sharp decline in mortgage rates since May, the moribund housing market is showing signs of life.Confidence rising; competition falling.

Louis, Mo, Condo in San Diego, Ca, 8 unit Apartment Building in Los Angeles.Want to expand, primary residence is Las Vegas, open to all markets.

Look at other rentals in your market and see what they say.

A little patience and properties often hit the market with lots of hidden value opportunities 

I am starting out in my real estate investing journey and was hoping to see if fellow investors recommend pursuing short sales, banked owned properties and foreclosures, versus pursuing typical MLS properties or off market properties with distressed properties or sellers.  

In my experience these are the levels of how financial fraud is doneLevel 1 - The “sponsor” is a fraudster from the beginning and the entire investment is a designed fraud designed to steal the investor's money Level 2 - The sponsor initially intends to operate legally and honestly but the temptation of easy access to money, usually fueled by addictions to drugs, sex, partying, etc. leads to the bad decision to line the sponsors own pocketsLevel 3 - The sponsor intends to operate legally but a crisis in their life resulting in a need for money leads the sponsor to “borrow” from investor’s funds with the full intention of paying it back ( which they are unable to do).Level 4 - The sponsor intends to operate legally but the assets under their management incur substantial loses; the sponsor attempts to cover up these loses by “temporarily” borrowing from one investor to pay another or submitting false results.

I'm focused on building up the down payment now and trying to identify a good market(s) to invest in at the moment.

As is typical with government intervention into the public markets, the intentions of this policy achieve the opposite.