All Forum Posts by: Bonnie Low

@Harrison Smith I think the link you meant to post on press about the Maine market is missing. I'd love to see it!

@Sheryl Sitman - what do you think is driving the appreciation in Philly during COVID? Is it exodus from NYC or other factors?

@Kunal Mishra - I'm an investor from CA looking at out of state markets. We've previously been focused on Pocatello, ID where we would buy low, rehab and hold for cash flow. But we're noticing a weird trend where the rents aren't really increasing much and ARV on improved properties just don't produce enough appreciation to justify the investment of rehab costs. So we're looking elsewhere. The information you shared on other markets is really helpful, especially categorizing them into CF, appreciation or combination of both. Would you mind sharing what sources you're looking at to pull that analysis together? I'm searching BP but forums but it's a bit of a slog.

Thank you @John Mocker! Great advice!

@Kassandra Perez - wow! I had not heard about this re-fi fee. This is really eye opening and very concerning. I need to do a cash out refi soon - if this goes into effect in Sept I better get on it! Thanks for the warning.

@Jeff Piscioniere FEMA maps are NOT making me write off an entire state. Not sure why you're assuming that. In fact, I'm VERY interested in TN in particular, which is why I'm asking the question. One investor in TN shared that flood insurance ends up costing approx $100/month in her area so it really eats into cash flow. That's priceless info and that's the whole purpose of asking questions.

@Jeff Piscioniere maybe our definition of "sun belt" states varies...?? But flooding in TN is definitely an issue just based on looking at the FEMA maps. Can you recommend TN areas where this is less of a problem?

Thanks so much @Lynette E. This is super helpful information - especially about the % of rent consumed by flood insurance!

@Ryan Kelly I have a question about investing in the sunbelt states. A lot of those same states are prone to severe weather events like tornadoes, hurricanes and flooding. How much are you factoring that into areas you're investing in?

@Mark H. Porter thanks for the reply! It's interesting to see how the moves the Universities are making will cause ripple effects throughout the housing market in those areas.