All Forum Posts by: Cody Kennon

I’m in the same boat. Trying to find something in the $100k range that will cash flow and doesn’t require much repairs. Expectations might be too high…

1 Vote

Charlotte, North Carolina

Quote from @Chad Davis:

@Cody Kennon More details about the deal?

No current deal just trying to get pre approved

0 Votes

Jackson, Mississippi

Any lending options you'd recommend in the metro area?

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Jackson, Mississippi

Any lending options you'd recommend in the metro area?

1 Vote

Jackson, Mississippi

I'm wanting to start a direct mail campaign that's targeting investors in my area that might be wanting to offload unwanted properties.

I was wanting to see if anyone has certain websites, software or other resources you use to access a listing of investors in the area.

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Looking for multi-family deals and the least are costly are the ones in the bad (high crime) city of Jackson, MS

What has been your experience with investing in a multi-family in a not so good area?

Obviously I see that tenants could be problem and cashflow might not be as much. But I'm just getting started and don't have enough capital for one in a really great area. I was thinking of buying one that's $100k and growing from there.

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My credit score is stuck at 670. I have a $2k limit and only spend $75/month. It’s on autopay as well.

How can I increase this?

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Any new or experienced investors in the area? Looking to connect

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Jackson, Mississippi

Quote from @Jeremy H.:

I see a lot of "gurus" on social media claiming to make a killing - I met a few people who did it with some mediocre success to breaking even...

The thing for me is that I want to own the asset - that's my goal. Arbitrage is a short sighted business (to me) that will work for a time but is vulnerable to all kinds of interruptions in my opinion. And what is the exit strategy?

Owning the asset gives me more options and actually builds wealth over time - I generally buy at 80-85% ARV (little built in equity), get appreciation over time as the value of the home increases, some monthly cashflow (after budgeting repairs/maintenance & CapEx) and I've been building a pretty large tax asset (I'm not a REP and my income forces my deductions to be passed forward), even better you'd be able to take straight tax deductions. And at the end of the day I can sell for a profit. It's a fairly stable business with exit options.

Arbitrage cannot claim the same benefits - maybe it has a lower entry point, some tax deductions but it is a different business entirely. You don't own anything at the end of the day and there are no good exit strategies. That's where it falls short with me. I'd bet the goal of most people that do arbitrage is to buy a rental...so why not just go straight to buying a rental and skip the risky complexities?

I like your point. I believe the arbitrage route is one taken when someone doesn’t have lots of capital to put towards a rental home.

For example, If I’m looking to purchase in the smoky mountains and don’t have enough capital, I could take the arbitrage route to generate cash flow to put towards my future investment.

I’m pretty new to investing and don’t want to fall short to a “guru” that has all the knowledge in the world. I see both sides and I’m just trying to understand why one would take arbitrage over directly investing

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Quote from @Alexis Ayala:

Anybody doing Airbnb in Indianapolis, or ( rentals arbitrage , currently having a hard time finding property owner to pitch them to the ( Rentals arbitrage) thank you in advanced.. I can help anyone doing it by cleaning rooms or any other way , just want to learn more about the game

any luck with the rental arbitrage?

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Indianapolis, Indiana

All Forum Posts by: Cody Kennon

Cody Kennon has started 8 posts and replied 14 times.

Post: Distressed property for my first investment?

Post: Lender recommendations in Jackson, MS?

Post: Lender recommendations in Jackson, MS?

Post: Lender recommendations in Jackson, MS?

Post: Direct Mail Campaign Help

Post: Experience with multi-family in a bad area?

Post: How could I increase my credit score?

Post: Calling all Jackson, MS investors.

Post: What Was Your Rental Arbitrage Experience Like?

Post: Airbnb ( rental arbitrage )