You can find lower priced homes in that area, which sometimes makes it easier to hit the 1% rule that many people try to use.

Another one of my clients had done extensive review of the FIG opportunity several months ago, and walked away before I met him.  

Good quick read on several cities that witnessed home values appreciate aggressively during the Pandemic that are now softening.

🤪Doing 'the thing' means:💸multitasking💸meeting daily with investors and lenders💸reviewing deals and opportunities for others💸teaching others how to determine how to evaluate deals💸listening and learning from others' experiencesMy biggest takeaway this week is the need for PATIENCE.

There will be a much bigger tenant pool at that price point.  

I did Seller Financing for a business I purchased.We did their price and did a 2% Down Payment with Terms that we called "Step Up" we started with a low monthly payment but every 12 months we increase the monthly payment too.

I've helped several CO based investors explore luxury STR's here on the OR Coast, there are still very strong COC & ROI opportunities.

Should I have concerns or is this a legitimate opportunity? 

The asking price is a little high and he has told me he will not budge.

Purchase price: $99,000 Cash invested: $350,000 This is a fantastic multi family opportunity I sold my main contractor that came with stamped and approving plans and permits to build a new construction triplex in the heart of Temple.