Why are investment properties going for prices that the numbers don't work on (when expenses factored in)? Are people incorrectly banking on appreciation?
I'm in CLT. Anyone else seeing this elsewhere?

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Yes - seeing it all over. Especially anything targeted at investors on MLS. I’ve often thought the same thing.

Not sure why anyone pays retail prices for investment properties. If it’s doesn’t meet at least the 1% rule for me it’s a non-starter.

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Agree with SM1.

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Appreciation and so far it's worked out fabulously, hence why people keep buying and prices keep rising.

CLT is hot rn

It's out of control

any hit market will have issues with cash flow and a higher focus on appreciation.

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