All Forum Posts by: Carly M.

Brendan,

How are you finding your deals? If you're looking solely on the MLS, look elsewhere.

Have you put in the time and effort needed to build your deal funnel? How many deals have you analyzed? Take these numbers and at the very least, double them.

Have you considered house hacking?

Replace "I can't" with "I choose not to". With the right attitude, you can do just about anything!

I invest in the area as well and would love to connect!

Hi Tantan,

I invest in the Rochester area as well, would love to connect!

Carly 

@William Beck Appreciate your response! That's consistent with what I've heard from some local agents. Thank you. 

@William Beck Thanks for sharing your analysis! I see that your initial post is ~6 months old, are Pigeon Forge/Gatlinburg, TN; Poconos, PA; and Branson, MO still the top 3 investor markets you would recommend?

Good point! I'd reinvest it and would look into doing a 1031 exchange.

I did speak to the assessor's office and unfortunately I do not believe I have a strong case for decreasing the taxes, at least not in the near future. I will look into sub metering - thank you!

I purchased a 6 unit in June of 2020 for $385k and currently have $85k in equity. Since then, I have spent $25k in renovations. The monthly rent went from $4,410 to $5,450 ($5,600 is the projected rent once additional updates are made). However, since acquiring the property, the taxes went up by 32% and expenses (which I pay) such as electric, gas and water/sewer have increased significantly (perhaps due to COVID). These operational expenses are eating away at the projected cash-flow.

My strategy was initially long-term by and hold, but after looking at 2-3 units selling for nearly the same price and a 4 unit listed for $575k, selling it seems tempting. I am also considering a HELOC.
What would you do (keep, sell, HELOC, something else)?

@Juan Alberto Perez - Flores Thank you!!

@Martin Grizzanti Hi Martin, will any of these meetings be virtual by any chance?

@Martin Grizzanti thank you!!