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Updated over 11 years ago on . Most recent reply

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Yuan Zhong
  • Seattle, WA
0
Votes |
1
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1% rule and SFH and MF deals in Seattle?

Yuan Zhong
  • Seattle, WA
Posted
I am a newbie in Seattle looking to start out in real estate to build long term cash flow. BP community is an AWSOME place! I Got out of biz school last year and now have a busy day job. As I spent whatever spare time I can squeeze hunting for potential SFH or MF investment, I find it extremely difficult to had find candidates that meet even the 1% rule, let alone the 2% rule. Is that because I simply need to look thronging enough listings to find one or is it that certain market has higher entry price making the 1% rule less relevant? Appreciate any insight on this.

Most Popular Reply

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629
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84
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Zach Schwarzmiller
  • Investor
  • Snohomish, WA
84
Votes |
629
Posts
Zach Schwarzmiller
  • Investor
  • Snohomish, WA
Replied

I don't use the 1% rule but I am able to find/buy 12-15+ IRR deals on Multi-Family on outskirts of Seattle. Off-market deals are the best. Find properties you like and write the owners!

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