Banks were selling but you needed to figure out how to do it.
Once you find a formula that works, it was wash rinse repeat.
Given it took a lot of equity with an average of 25% down-payments. So doing this took 500K cash even this for four properties.
I’d suggest anyone who is only focused on SD to look north at LA. That’s where the prices are insane. Anything decent is 1.7M plus in certain areas which would be 600-650K here. So no I don’t see much of a drop coming any time soon.
It’s early in the rental spring market but will be interesting to see how quickly homes go this year.
