All Forum Posts by: Adrian Stamer

That area for north side isn’t that bad though it’s pretty block by block there

I would think given those numbers you are better off doing a flip then buying and holding. Also if you are buying and holding don’t get a 15 year loan, that’s why your cash flow is negative 

good luck, Richmond va is a tough one to cash flow these days

I own several multi families in Staunton and grew up in that area and I wouldn’t recommend airbnbing with that location

I think rent vs sale depends on what he paid for the house vs what he can rent it for. Just like buying any investment property you need to look at the actual numbers and see if it’s a good investment

I haven’t found anything in Staunton in a while worth buying which means it’s a pretty solid sellers market which is good news for him. But that’s the case in most spots these days

 You are correct but please read Fred’s post. Causes disparate impact to protected classes

 If you cause disparate impact to a protected class even if it’s unintentional by other criteria it can be a fair housing violation 

 This, you need a policy on how to handle various charges and generally you cannot deny someones application after it has beeen a reasonable amount of years. Look up disparate impact

They base value off comps but they probably still look at debt coverage service ratio

 Get a new realtor if you are unhappy with the responses. Or get licensed. I got licensed partially because I wanted to have more information on the purchasing process for the properties I was buying 

 This. It is the listing agents duty to maximize their clients’ bottom line, so damn right I’m going to let everyone know who has showed interest there is an offer before it sells at a discount. 

Cap rate is a measure of market risk, it is not the same thing as yield. You do not change the cap rate by increasing rents

If you improve the quality of a property and let’s say the class goes from B to A, then cap rate should actually go down. Which doesn’t mean you are suddenly making a lower return... no in fact you just forced a bunch of appreciation.