All Forum Posts by: Anthony Jasmine

As far as analyzing deals, it's a little more difficult to look at multi-family since there are no comps to go off of. I'm considering buying a duplex in Quad Cities, IA. It's through a turnkey provider that has been vetted and recommended to me. This would be my first property, so I don't really care if I have to pay for some extra help. What other differences should I be looking at when considering a multi-family over a single-family?

Thanks.

@Irina Seals

That’s awesome. What turnkey provider did you use?

@Michael Leeson

The study that you’re quoting doesn’t utilize other variables other than race. For example- credit score, income, appraisals, and areas that might be considered war-zones. Lenders might not want to lend in those areas, and it really has nothing to do with being black.

There’s incentive to offer the 1031 exchange. The government is having you do something that benefits them. You’re providing housing. 1031 exchange offers you the ability to expand upon your portfolio faster. To offer you incentive to provide more housing, they give you tax breaks. Joe Biden wants to decouple from universal tax standards because he’s being controlled by the radical left who seek to abolish the very idea of free capitalist markets. Just in his most recent speech regarding economic policy, he stated that he wants to ends shareholder capitalism. The reason I’m venturing into this asset class is because the government has little control over it in comparison to domestic equities.

I don’t know why Americans are so accepting to being taxed even more so. I mean, social security is expected to go bankrupt in 2030, yet I have to pay it every paycheck even though I won’t get it? Its a legalized Ponzi scheme.

Our tax dollars are being taken and put into lobbying firms who are funding BLM who are openly stating they are attempting to destroy the idea of the nuclear family and capitalism as it stands. They defunded the police in NYC, and as a result, homicide has increased by 400%. They let these crazies take over Seattle, thus destroying many businesses, and livelihood other its citizens- yet, they’re obligated to pay taxes?

Democrat or republican, there’s a tremendous amount of corruption taking place in the US- and you’d have to be blind to not see it. It’s not even hidden. It’s directly in your face.

So the very idea that they want to take more money from Americans when they can’t even provide basic functions and expectations of government really pisses me off. I sincerely hope that he doesn’t win. I hope the silent majority exposes itself on voting day.

All of my sources are now showing that the forecasted value of homes is set to decline in most all neighborhoods in which I'm looking to invest. Neighbhorhoodscout specifically is stating that a home that I was looking at is now expected to depreciate in value by 26% in the next three years. Any thoughts?

I've been looking at properties in the York/Harrisburg area of PA. Strong cash-flow market from what I'm seeing in the proforma, and the trulia crime heat maps don't look too bad- but I'm reading a lot of negative things about the area itself. Below is a picture of the proforma. Also the schools are rated to be very low which I guess is normal in a blue collar neighborhood. The property manager is solid, tagged along with the rehab. It looks great inside, and all the staples of the house have been gutted and replaced. 

If you were a long distance out-of-state investor, had a head-shot, and occasionally traveled to see properties and network with other professionals- how much would a lot of tattoo's hold you back? I live in southern CA where tattoos are widely accepted. It's almost normal for working professionals to have at least a single full sleeve. I understand that other places in the country are not so progressive though. I'm curious to know if this would hinder your networking potential if you were heavily tattooed. I'm talking about professionally done tattoos that have no obscenities or offensive content. I want to get some work done in the future, and my concern is that I won't look like a "typical" professional investor. I'm getting back into natural bodybuilding, so I already stick out in a crowd as it is. I'm concerned that other professions might interpret me to be more of a dim-witted meathead rather than a professional like themselves. What are your thoughts? 

I'm analyzing some properties, and I'm finding some deals in which the crime is very low, but the schools are rated 4/10, 3/10, 5/10. What are your thoughts on the importance of school system ratings? What should you be aiming for in a high cash flow market? I'll post an example from trulia below. I'm looking for a long-term buy and hold.


https://www.trulia.com/p/pa/hanover/338-frederick-st-hanover-pa-17331--2015667546

@Anthony Jasmine

Didn’t expect such quick responses. Thank you to everyone. This is the turnkey I want to use, and here’s an example.

https://www.paturnkeys.com/property/117-s-richland-ave-york-pa-17404/

I ran the nearby comps, and I’m showing about 60k average.

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The key-turn operator told me that their appraisal usually always matches the lending appraisal. I’ll be getting my own appraisal and inspection and have contingencies as well. This isn’t the exact property I’m going to buy, but rather an example that illustrates my question.

Looking at a keyturn property. The rehab looks great, but the appraisal comes in 30%-40% higher than the comps in the same neighborhood. Would this be a bad investment? Looking for a long term hold for cash flow.