1% rule in Stockton ca?!?

[Edmondo Morgan Jr]

I was chatting with a colleague about the process I use to purchase properties and I was wondering with the market rising does anyone still use the 1% rule in Stockton CA or is that hard to achieve. Thanks in advance 🙏🏾

[Paul Choi]

there are a few deals in stockton that meet the 1% rule but you really have to search and be networked with brokers.  Picked up a 16 unit in stockton recently that does better than 1% and have a few on my radar that i'm analyizing.

As for cap rates, around 6% or more with GRM's under 11. Hard to find, yes, but be patient and deals are there.