All Forum Posts by: Anthony Sigala

 Hey guys,

Let me know if this helps. 

Loan Amount 110k

Currents Rents $1,375/mo

Market Rents $2100 

5 bed 3 bath

 DM and I'll provide a detailed analysis. I will get it to you later today.

I am seeking a loan on a LTR that has a rent to value of 1.3% with the potential of 2%. 30 year amortization or interest only. DM me if interested.

 Hey Ryan,

My biggest priority is cashflow. These markets have low entry costs, the properties are in decent shape, and they exceed the 1% rule. Also looking at Florence, NC. I am open to other markets as well. 

What's everyone's opinion on which market has the most promise? Looking for something with low acquisition cost, and meets or exceeds the 1% rule.  I've decided that finding "deals" in Arizona is unnecessary as there are other markets that one need not search high and low to find something that can produce a decent cash-on-cash return. I've been looking in Lawton, OK and Peoria, IL. Anyone in these markets? 

I can find properties that hit the 1% rule in some small communities, but they are having declines in population. This concerns me about the potential to maintain a solid tenant base and would likely cause a higher vacancy factor.

Just seems to me that buying at sub 1% is almost not worth it. The cash-on-cash return is obviously much lower. I can make offers that would cause the 1% rule to hold, but these would often be at around 60% of asking price or market value. I know deals such as this get done all the time, but I seem to have little luck targeting sellers that are motivated enough. 

 Will you enlighten me to some of the methods you use to find the properties?