All Forum Posts by: Boo Ja

 @Jaron Walling was there any specific part you did not like?

I'm interested in airbnb arbitrage near Knoxville area. I'd like to spend some time throughout the year.

i'm curious if anyone with airbnb arbitrage has gone over any challenges and how you guys overcame them. 

for a couple things, I think there could be

- finding a landlord who would let me rent their place potentially for airbnb

- managing it out of state

Thank you in advance!

Hi! I'm in the process of purchasing the first property (primary residence) and I'm curious what options I'd have for the 2nd property. Since I'm putting down the least down payment for the first one, I won't be able to refinance for at least 1-2 years. There will be small cashflow from the property (~8k/yr). I'm looking for what ways I can take if I'd like to move forward to the 2nd property ASAP.

I think the biggest hurdle would be the downpayment since it'll be at least 25% for the investment properties. (vacation home as 10%?)

A couple of ideas I have so far:

- get a small single-family house (~300k) with small cashflow as investment property (25%)

- get a multifamily in cheaper cities e.g. Cincinnati (400k-500k) as investment property (25%)

- get a small single-family house and run an airbnb... (maybe get as vacation home since it'll require 10% down payment?)

If anyone knows any other ideas, it would be greatly appreciated :) 

Hi all!
I finally started researching long-term investment cities.

- Memphis (TN)

- Indianapolis (IN)

- Harrisburg (PA)

- Cincinnati (OH)

- Worcester (MA)

Except Memphis, crime map doesn't seem too bad and all 4 cities have got increasing population changes since 2020 and have some good corporates/schools. 

I'm curious if anyone knows anything about their appreciation potential from here, and if you know any good investor-friendly realtor who are experts for these cities. I'd like to get referrals for them. My investment priority would be 

- 3-4unit MFH

- SFH

around B/C class. Any other interesting areas I should look into in addition to these would be also helpful! It's been fun to get to know all these cities. I'm in MA if it's helpful :)

Hi! I am a very new in real estate investing and since I'm living in one of HCOL, I'd like to look around nearby towns/cities. What should I check to evaluate whether the area is a good location for rental property investment or not?

Thanks!

 Thanks @Raymond J. Rodrigues for the reply! 

 Hey @Holly Frongillo, thanks for the reply. As I stated, my current problem is the downpayment as I don’t have much cash at the moment. Also, I have a fulltime job so fixer upper won’t be much of a case for me unfortunately. Thanks for the ideas though! 

Hi! I've started to look into the real estate investing and I was wondering if there's a way to get 2 loans at once with minimum downpayment.

My current plan is to get a multi family property through FHA and that'll make the DTI of ~20% in fall of this year.

Theoretically, I could afford another one given that my DTI would still be lower than 43%, but the problem would be the downpayment. I think I could get at most 7-8% downpayment for the second property.

One idea I had was to get the first one as FHA with 3.5% downpayment (under my name) and the second loan as conventional loan with ~8% downpayment (as a secondary home under my name or as a primary under my partner's name). Would this be feasible? Would there be a better way by any chance? I'd prefer to have both under my name if possible...

Thank you!