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All Forum Posts by: Christopher Robert Noland

Christopher Robert Noland has started 2 posts and replied 69 times.

Quote from @Min Zhang:

I can't speak much about the Pittsburgh area, but I own multiple properties here in Columbus. They're in a Cclass neighborhood, and with my personal experience, I'm seeing cash flow between 8-12%, with strong growth potential

Do you mind sharing which area ?
Quote from @Kerlous Tadres:
Quote from @Christopher Robert Noland:

Which city do you prefer to invest in and why right now ?


I personally invest here in Columbus and have 4 doors. I'm getting pretty decent cash flow already and look to continue to build my portfolio here. Let me know if you would like me to refer you to your CORE 4 and help you get started

Sure. I would be interested. 

Which city do you prefer to invest in and why right now ?

Quote from @Melissa Crimp:

@Christopher Robert Noland Thank you so much for this!

You are most certainly welcome !

Post: Need advice on investing in San Antonio Texas

Christopher Robert NolandPosted
  • Investor
  • Seattle, WA
  • Posts 81
  • Votes 43
Quote from @Alex K.:

I would go on zillow and just look at the rentals in the area to see how many days they are typically sitting and where they are renting.  At the same time if you are searching for a PM, call them and ask them about the market and the specific area, speak to a few and you will have a good idea.  SA has performed really well for many years and is now naturally easing, albeit there may be some more neighborhood/area specific nuances.  In the long term may still be a great investment, but hard to see a lot upside in the short term.  Texas also tends to have higher real estate taxes, which do go up every year.  At this point if you begin the purchase process you probably closing towards the end of the year, which would put you in the slowest time for rentals.  I would budget 3 months of vacancy at least.


 https://www.redfin.com/city/16657/TX/San-Antonio/housing-mar...

Post: Need advice on investing in San Antonio Texas

Christopher Robert NolandPosted
  • Investor
  • Seattle, WA
  • Posts 81
  • Votes 43
Quote from @Vamseedhar Vuppu:

Hi,

I'm from Orange County, CA. Recently came across affordable homes in San Antonio, Texas. This is going to be my first rental.


I am looking properties around Bexar county, Talise De Culebra, and Surrounding Areas. How is this area? How hard is finding a renter around this area? Are there any good property management companies you can refer to?


I'm seeing a lot of new constructions in San Antonio Texas. What are the pros and cons of new build vs re-sale property for buying as investment property?

Here are pros and cons, I can think of.

Pros:

- Incentives and brand new home!

- Maybe a little appreciation opportunity.

Cons:

- Can't negotiate on purchase price

- Property tax may catch up and higher monthly payments after first year

- A similar plan may be available for less rent in market (Rentbility)

If you are looking for cheap entry points with cashflow here are some:
Milwaukee, Kenosha, Racine Wisconson
Pittsburgh PA
Cleveland, Ohio

Everyone moved to Texas and pushed up the prices plus the higher than California property taxes will make it really hard to find cashflow there now.

If you are interested in learning Remote investing, I may have a resource for you.




Post: Need advice on investing in San Antonio Texas

Christopher Robert NolandPosted
  • Investor
  • Seattle, WA
  • Posts 81
  • Votes 43
Quote from @Vamseedhar Vuppu:
Quote from @Jason Taken:
Quote from @Vamseedhar Vuppu:

Hi,

I'm from Orange County, CA. Recently came across affordable homes in San Antonio, Texas. This is going to be my first rental.


I am looking properties around Bexar county, Talise De Culebra, and Surrounding Areas. How is this area? How hard is finding a renter around this area? Are there any good property management companies you can refer to?


I'm seeing a lot of new constructions in San Antonio Texas. What are the pros and cons of new build vs re-sale property for buying as investment property?

Here are pros and cons, I can think of.

Pros:

- Incentives and brand new home!

- Maybe a little appreciation opportunity.

Cons:

- Can't negotiate on purchase price

- Property tax may catch up and higher monthly payments after first year

- A similar plan may be available for less rent in market (Rentbility)


 Do you have the specifics on the deal you're looking at? Numbers? Location?

The deal I'm looking is around the Talise De Culebra area. The Purchase Price is $279,000(2021 build, 3b/2.5b), planning to put an offer for $255k - $265k. Just wondering how is this area. Good rental market? 

Expecting rent around $1900/month. My monthly payments coming around $1700.

 That Market has lost 2.8% in value.  San Antonio has a median home sale price of $267K, a 2.8% decrease from last year. Homes stay on the market for an average of 71 days and receive an average of 2 offers....It sounds like you would lose money on this deal.

Quote from @Jimmy Rojas:

Planning to purchase in Phx,Az and surrounding areas, my equifax score is 700, experian 645,no debt whatsoever, have 1099 for 2022 and 2023 (required 2yrs), on my 1099s it says i make 135k per year, do not have tax returns (yea, yea), im planning to first start with my bank wells fargo.

This would be my first home and at 1st plan to live in it, possible house hack, going for a -$300k loan. should i go traditional, fha , i plan to be on a fixed rate so I dont get surprises later on.

In my situation, what down payment amount do you think will be needed .


Lenders usually take your middle score of the three and it is not listed, so, that could be an issue if its lower than 660.. You need tax returns for conventional or FHA, if you want to go private or hard money, it is going to be 20 % down. If you are looking for creative financing solutions I might have some for you.

I am not from Columbus.  However, they recently upzoned the area around Parsons Ave and Thurman with no setbacks to 6-7 stories so if you can find a good deal in that area, go for it.

Post: Appreciation vs Cash-flow?

Christopher Robert NolandPosted
  • Investor
  • Seattle, WA
  • Posts 81
  • Votes 43
Quote from @Faris Wright:

As a new investor, I'm weighing the benefits of focusing on appreciation for long-term growth versus cash flow for immediate returns. Both strategies have their pros and cons. What factors should I prioritize when choosing the best approach for my future success in real estate?


 Start with B-/C+ properties for Cash-flow so you can buy the class A and B properties for apprecation.