Many California investors probably made a huge mistake thinking they can increase rent like we do in California and I will bet there is going to be a lot of turnover and the ignorance will just keep recycling because there are millions of ignorant investors who go completely blind by the myths and false theories that they think will make a profit because every other idiot is paying ridiculous prices for rental properties in every and any locale.Just a wild guess?

If you've got a spare couple of million, Australia's a nice place to sink it.

There is a lot of competition but it also is the most visited destination in the us with 80 million travelers and only getting better with the enchantments to Disney. 3rd universal park and speculation of a 5th Disney park at some point.

For example, when I increase a 100-unit building's rent by $100 per unit (per month), at a 6% cap, I increase the value of that building by $2 MILLIONDepending on the house value, it will take at least 20 BRRRs with houses to get a $2 MILLION increase in equity.

He was able to make an offer on a large apartment building which was over $1 million less than asking price, and that offer was accepted within 30 minutes. 

I love this story.https://www.washingtonpost.com/lifestyle/2019/12/11/real-estate-company-surprised-employees-with-million-bonuses-holiday-party/#comments-wrapper"Hardly anyone knew what was inside the red envelopes handed out at a Maryland real estate firm’s annual holiday party.

I know this is one of those questions that can have a million different answers but I could not seem to find enough info about it online. 

Ya see, when you are property management company millions and millions of dollars flow in & out of your hands all the time.

Right now I’m at $60 Million AUM with 750 residential units and 150 storage units.

I'm assuming that by 3-4 deals, you have over 1 million available for lending.