DOES THIS PRODUCT HAVE APPEAL TO CALIFORNIA INVESTORS

[Jay Hinrichs]

THIS post is more of a survey trying to get feedback.

We have some smaller multi family build projects in RED HOT Portland ( inner neighborhoods)

Prime new construction multi ( 2 to 6 units) sells in the 4 to 5 cap range . Many times houses hackers.  and price points in the 700 to 1.5 mil range.

Would there be any appetite from those down south to jump on these pre construction if you were going to have a TRUE  150 to 250k built in Equity day of closing.. And the rental rates would create 6 to 7 caps.. in a 4 to 5 cap market.. with BRAND NEW construction.. finish work is of the highest order.  Wolf appliances custom cabinets etc etc.. these units will attack the very vest A class renters.

Before I jump into this with two feet I wanted to just get some feedback from BP nation.. and if it was positive I would do some buying seminars in LA and SF bringing the product down for select group to meet and be able to buy these off market and under todays ARV's

????  appreciate any feedback from the audience