All Forum Posts by: Alon A.

I can't speak on the other but I am buying properties in Columbia for 40,000 - 90,000, fixing them up for about 3,000 - 15,000 and turning around renting them for $1,300 - $1,900. Figure out the rents to PITI numbers first in each market. Appreciation should be a secondary metric. (Ie: Who cares if it’s worth more 2 years later if you are losing $ every month)

also finding a local team is not easy. You have to be careful with who you trust. Try to find someone doing what you want to do in your target market or an investor agent. I can refer you to both in Columbia as I mentioned. If Columbia makes sense for you in the end

Where you can find homes in that prices ? It’s too low ,

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Hey guys

I’m looking for Lender in Dallas Texas

DSCR and Conventional loans

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Dallas, Texas

Hey guys

After long research of market and a lot of questions i have final question.

Im looking to start BRRRR method at one of this cities:

- Dallas Forth-Worth, TX

- Columbia, SC

- Jacksonville, FL

I have 150K on the side and im planning to do 20% Down loans or DSCR, part of the states has high taxes but also rent is higher so its good.

Im looking for all perspectives, taxes, rents, appreciation. Houses in 150-250K ranges that will be my market

I need to focus on one market and build a team over there. what do you think is the best market to get in in your opinion?

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thank you all i appreciate it !!

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Hey,

I saw a data online that Jacksonville is declining , that is the time to buy there now ?

Can i get thought of growth and info about Jacksonville like appreciation and growth for your opinion

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Jacksonville, Florida

Quote from @Steven Goldman:

Quote from @Alon A.:

Quote from @Steven Goldman:

Hi Alon: You are asking the age old question appreciation or cash flow? In order to make this decision you need to determine what you are comfortable with and your over all strategy. As to market places. I would stay out of the hottest markets such as Austin and Jacksonville, Tampa and St Pete. Prices have risen so quickly in these areas that they are distorted from their usual rate of appreciation. It is likely they will fall back if the predicted recession materializes. I like Columbus, Akron, Canton and Cleveland. If the anticipated reshoring of industry occurs it will most definitely benefit these areas. Already chip manufacturing and other industry is locating to Ohio. Ohio rents are a little lower than some locations but the housing prices are still a value. Good luck and keep moving forward.

im not suppose to look for property with high revenue? that when i do the brrrr and do re fi stage it will be alot of value to take and do for another property

Over the past decade, Florida's real estate has risen 282.35 percent, which equates to an annual home appreciation rate of 6.14 percent, according to the data collected by Neighborhood Scout. Jan. 26, 2023.

Are Florida homes overvalued?" Florida metros make up six of the 10 most overvalued housing markets in the nation, according to the latest report from researchers at Florida Atlantic University and Florida International University. Jan. 26, 2023

Alon, I was not suggesting you look for low revenue properties. I was pointing out that properties which are overvalued will end up at their historical appreciated values over time. In my opinion, buying in markets like Florida where prices increased dramatically as a result of Covid is not recommended.(Of course if you can steal something, why not) I remember 2008 when all of the rapid appreciation evaporated and prices returned to their typical appreciation curve value. Value and income are two different propositions. You can find a property that when you add value will produce good revenue without paying a arm and a leg for it.

Where in Florida and what price ranges for example ? Should I stop looking on Cleveland for example , I can get from there good cash flow but no revenue .. for long term

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Quote from @Scooter Williams:

Quote from @Alon A.:

Quote from @Scooter Williams:

To determine this is pretty simple. What is your goal?

- Safe investment?

- Supplemental income?
- replace your job eventually?

Once you answer that, it should help guide your decision on appreciation v cash flow. Without knowing anything about you, your current job, career path, etc. it is very hard to answer that question.

i wanted to replace my job in 2 years approx. and do only investments

im a contractor and have a lot of years in remodeling homes so its easy for me

Where do you live? Would you ever consider moving? Given your skills , I would factor this into your decision.

Based on your answer - I would be looking for cash flowing properties. Appreciation properties will not replace your income likely in 2 years or even 10 years depending on where you buy. I would also focus on where you can buy the most properties for the cash you have.

I live in California silicone valley, for now I have to stay here for the next 2 years at least

But for example in Cleveland , this is not easy audience to deal with , if house there cost 90K it means that’s not going to be easy and a lot of things can happen. There is a reason that house costs like that and people live there , what if I will deal with people that not paying and all that

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Quote from @Scooter Williams:

To determine this is pretty simple. What is your goal?

- Safe investment?

- Supplemental income?
- replace your job eventually?

Once you answer that, it should help guide your decision on appreciation v cash flow. Without knowing anything about you, your current job, career path, etc. it is very hard to answer that question.

i wanted to replace my job in 2 years approx. and do only investments

im a contractor and have a lot of years in remodeling homes so its easy for me

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Quote from @Steven Goldman:

im not suppose to look for property with high revenue? that when i do the brrrr and do re fi stage it will be alot of value to take and do for another property

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Hey,

Im doing few posts lately to here feedback and understand what is the best route for me.

There is so many locations to invest and im struggling between few.

I have around 150K-170K on hand to invest in any property i want.

I got approved for loans with 20% and good rates so that is not an issue.

I used to live in Austin Texas and i love Austin but i dont know if its good to invest for 1st time there.

DFW, Texas is attracting me as well and more affordable with around 200-250K houses

Jacksonville, Tampa & st pete is also interesting markets.

Columbus OH

Columbia, SC

on other hand, there is cheaper im thinking to go with Cash Flow or with Appreciation ...

Cleveland OH, Akron OH are market with around 80K-100K houses and the rents on them are good, but the area it self its not have high appreciation rate year over year.

If i go with 250K + 50K remodeling it means i put 60K down payment but cant get $1800 -$2000 rent, so its not the best cashflow.

I need your help with what do you think in my condition is the best to do ? Im going between 6-7 different markets and im not focused, i need to build a team in one place , im spending ton of time about searching and searching more and more

1 Vote

All Forum Posts by: Alon A.

Alon A. has started 42 posts and replied 134 times.

Post: Considering 3 Cities to Invest

Post: Lender in Dallas Texas

Post: Considering 3 Cities to Invest

Post: Location of starting the BRRRR

Post: Thoughts about jacksonville

Post: Location of starting the BRRRR

Post: Location of starting the BRRRR

Post: Location of starting the BRRRR

Post: Location of starting the BRRRR

Post: Location of starting the BRRRR