All Forum Posts by: Aristotle Kumpis

Don't forget about the power of a reverse 1031 exchange. These days, more investors are taking that approach as their relinquished property is taking longer to sell.

And most people do not know this, but it's possible to 1031 exchange a portion of your primary home. For those who rent rooms out of their primary home, you may qualify for a portion of the home to do a 1031 exchange. 

This is like telling people to stop buying cars. You can't stop people from buying houses. People buy when they have the means and are ready. There is no housing crash coming, so I don't know where you are reading that information. We are seeing a correction. But there is nothing to cause a nationwide housing crash. 

Hey Lonnie. I may have some buyers for this. Can you message me? Thanks.

Hi Steven. I own some rentals in Memphis and it's been pretty good for the most part. Just like any city, there are areas that are good and areas that are not so good. As an economy, I'd say it's pretty well diversified. When you say you are looking for areas with the best returns, are referring to cash flow or appreciation?

Depends on what you are looking for. If it's in a great area that has lots of appreciation potential, then maybe it works for you. Many people invest in expensive markets to break even because the appreciation is there.

-$166,500 purchase price

-$1,900 gross rents/month

-9.9% cap rate

15% COC return

-Has been updated and upgraded

-Downstairs unit is paying $1,000 per month. Upstairs is paying $900 per month

Hi Vanesca. I own several homes in Alabama. Three in Huntsville and two in Montgomery. I live in California. I have owned most of them for at least 7 years. Are you thinking about buying a rental somewhere there?

Not sure about condos there, but I have some investors that are selling in Florida because their insurance is 3x more than it used to be. So they are negative cash flow. HOA's mostly go up so that won't change. And with all the safety and weather issues, associations have to increase prices. There are places where people cannot sell their condo because who is going to pay for extremely high HOA and insurance costs? It might make more sense for you to move that out of Florida and into something that doesn't have an HOA.

Hey Brett. The west side is where all the growth is happening. So if you are looking for long term appreciation and growth (who isn't), then you will want to look there. Lamborghini just built a new dealership over there, so that has a lot to say about the income that people are making.

The east side is also good, but not as much growth. It's less expensive so the ROI is a tad better. More people moved to SA in 2024 than San Diego. So there are lots of people moving in.