All Forum Posts by: Ali Nichols

Statistics have shown an increase in supply across many markets. Partly due to what they are calling "accidental landlords" - people listing their homes for rent because they don't want to sell in the current market environment. Hopefully turning into 2024, seasonality does it's thing and demand increases. 

@Justin Brin great lead in for discussion, thanks for putting that together. Generally speaking, we have the same approach - avoid areas that are heavy in renter friendly regulation (i.e. CA). Then TX is tough right now because of property taxes. And then, Florida is difficult with insurance right now until that stabilizes. 

Then, when we look at Atlanta and Charlotte we see a good amount of supply because of the footprint of large institutiional buyers (i.e. invitation homes).

That leaves the midwest (OH, IN, MO), TN, and the one off markets like Tucson and Albuquerque. Personally, we have had success in small multi-family across OK, TN, MO, KY, IN, OH. 

Hey @Kevin Dokyi hello from a fellow Miami resident. 

Generally speaking, I would say if you have a paid off rental, keep it as a rental and continue to slowly grow your portfolio. For example, buying up out of state small multi-family homes or house hacking, etc. etc.

Welcome to BP @Rodney Ferguson. Sounds like you have the foundation for a bright future in REI.

Best of luck in your Journey! Keep compounding :) 

Hey @Laura Ward welcome to BP! Congratulations on starting your cleaning business and now starting down a new path. BP is a great place to start :) 

Hey Rachel, welcome to BP! You're gonna get the bug for sure. Real estate is fun to analyze. From markets to assets to all the different strategies. 

We have been investing / helping investors in Ohio, Missouri, Kansas, etc. and finding success in small multi-family. 

That's quite the rent on a purchase price. Are you still looking to scale your portfolio? 

Hey @Devonair Jackson, here is some food for thought. 

1. Are you pre-approved? If so, to what amount. 

2. While ideal if house hacking can bring your monthly outflow to '$0', what you are really analyzing is, if I were to rent out the other side or other bedrooms, how much, in total could I collect each month and then subtract that from your total payment on that home. Then whatever is leftover, determine if that is an amount you are comfortable paying each month. 

3. The asset itself. Ask a realtor for a CMA analysis. Is it in an area you could see yourself living? What, if any improvements will you need to make.

Welcome to Bigger Pockets! Best of luck in your journey