All Forum Posts by: Adam Acord

@Walt Middleton , I'd love to talk with you if you're interested.  

@Coco Cook, you're right, there is a lot of activity in the SA market. However, we still see signs of plenty more room to grow. SA is still a great place for investors. The rental market is strong.

We've compiled a lot of data regarding the SA market and put up a page on our website. I can't post the link here, but it's under the Investors section of the site (or you can PM me for it). It applies to the SA market as a whole and offers information from various national and local sources.

@Travis Hughes, I completely agree with your stance on these wholesalers.  We had several clients bit by their "deals." I added a post to our blog last month on this exact topic.  I'd post the link, but the over-zealous moderators will delete my post.  Anyone is welcome to PM me for the link.

I completely agree with @Rick Pozos.  

@Bryan Hancock, Thank you for pointing out the biggest reason the majority of my clients are investors: appreciation.  So many new investors contact me wanting the cash flow, but end up disappointed when they really start digging into the properties and the numbers.  Real estate investing is a long game for the majority of my clients.  

Also to your point of not purchasing more buy & hold, I have a client who's been with us for 20 years.  All of his houses (5) are paid for and he takes good care of them, so the maintenance isn't bad.  His distributions are >$6,500/month.  That's fantastic cash flow.

Howdy, @Trisha Morris!  If you have any questions that I may be able to address, please don't hesitate to reach out!  

As is true with most cities, certain pockets of town rent better than others.  Certain houses make better rentals than others.  I don't like to generalize when evaluating properties.  I'd recommend speaking to a local professional property manager with experience in the area, not a general real estate agent in the area.  Property management is a specialty.  I'd be happy to give you an honest assessment of your home as a rental, if you'd like.  Reach out directly, anytime.

The secret is out, no doubt.  But, if you do your homework and team up with an agent who knows rental investments, you can still find plenty of property.  Only issue is you have to be ready to jump quickly.  The good ones move fast.

@Raluca G., Absolutely, you can run your numbers.  They key is knowing what a property will actually rent for.  To get that, you need someone on the ground locally; someone familiar with the local market.  Before someone chimes in about the websites that do this, yes, they do exist, I know.  An algorithm only gets you so far.  An experienced human can tell you far more than these services.  Feel free to reach out if you need local support.

Bottom line, do your homework and double check the data given to you by the person selling you the property.  Make sure they're not just trying to get the sales commission and run.  There are good people out there, but there are also some crooks.  Just be aware.

Make sure to speak to current & former clients of theirs before signing up with them.  Or, at least double-check their rent rates with a local professional before purchasing from one of these companies. There's one company out of Dallas who keeps selling SA area properties to out of area investors promising outrageously high rent rates.  We stopped taking referrals from this company due to the number of upset clients we were receiving from them.