All Forum Posts by: Adam Engleman

@Jamie Fletcher I would really be looking at cash flow now. Not cap rates. Would want it to cash $200 a month after PITI, NOIs and 20% down. And I would like to find a property manager first. I was looking back in July but I moved into a new apartment and got distracted. But property values and rent seem to reflect off the market and that worries me with a possible recession.

But I would take a look. I would prefer multi family but I know they are hard to come by. Multi preferred would be =<$250k but could go to $350k if it’s good.

New York City, Brooklyn

House Hack Hacking

I’m an investor and my friend is looking to buy a house. But he doesn’t have the down payment. And I don’t have enough for 20/25% down in NYC.

I'm wondering if he could buy a 3 family (triplex), and for him to house hack it with the FHA 3.5%. I would give him the down payment for ownership of 50% of the house. He and the other tenants would cover the PITI. The mortgage would be in his name. Is it possible to have 2 people on the deed, one which doesn't live there when doing a FHA? Or is this more of a first lien type of loan?

@Mason Moreland

Can you recommend a good propery management team?

I probably have to buy on the MLS. I don't live there and I know how hot the market is there. Anything worth renting out Someone else will find before me. Unless you know of something?

As for rehabbing, I’m looking for more of s turnkey property.

Im unable to look around in person, I live in NYC.

Thanks for the education on the areas of Midland.

KIT

@Mike Evans

Can you recommend a good propery management team?

@Caleb West

Where are the areas that you feel are the best?

Can you recommend any property management?

@Mike Evans

Single Family seems to be the only thing available out there.

Can’t seem to find any Multi’s

@Mike Evans

Do you hope for higher or lower oil prices?

When it comes to the housing prices/rentals.

What area of midland is the best for rentals?

Yes please recommend some property managers.

Hi,

I’m from New York and looking for my first intended investment property.

Midland TX Investors

Can you recommend a property Management Company there?

And is Midland a lucrative investment area for rentals?