All Forum Posts by: Cole Simpson

Agree with you @Keith Dowdy I am high on most NC Markets (call it location bias). We are doing a lot of Airbnb investing buying in fast appreciating areas and they cashflow on Airbnb. I think it is underrated and lots of opportunities here.

Welcome to BP Community @Allison Yaeger! You can also find and connect with other BP members that are in your area here https://www.biggerpockets.com/..
Good luck with your investments!

Hey @Tyler Sherman I recommend checking out Superior School of Real Estate

Three strategies that I would recommend based on your goals:

1. Vacation market: most expensive, won't work as a LTR, don't have to worry about regulations, most cashflow

2. Fast appreciating market- This is what I do in Charlotte. I buy properties that won't cashflow LTR but will STR, allows me to buy properties that will appreciate fast and get cashflow out go them in the mean time

3. Super safe market- Markets where properties work as both a STR and LTR. No matter what happens your covered

Currently in due diligence on a 18 unit that I plan to convert to section 8 rentals, how do you guys recommend screening section 8 tenants specifically?

Hey Ethan, I can just share my thoughts on the STR market because for me they give the best returns. Also, our clients are doing STR in Charlotte, and cash flowing 12-18%. Best of both worlds appreciation and cash flow. Happy to share more if interested.

I agree with @Marshall Leipprandt @Claire Rosenberg if the numbers hit your goals I would do it. STR OR LTR either way, make it about the numbers. Best of luck!

Tampa is a Great Market! Furthermore, It has an appreciation rate of more than 20%., large names like Pfizer and Tesla are expanding with hundreds of employees. And of course, Florida in general is extremely tax-friendly when it comes to state income tax and property taxes. Look for agents that align with your interest. Either way, make it about the numbers. Best of luck!

Great plan! I agree to start with a house hack strategy since you don't mind living with lots of roommates if you can rent to friends that is always going to be the easiest. Plus, It's going to lower your expenses. Multifamily is great, but given there aren't many multi-family house hack opportunities available in DC then do SFH. If the numbers hit your goals I would do it. Either way, make it about the numbers. Best of luck!

Welcome to BP @Belinda Arredondo

Start with a house hack if you can rent to friends that is always going to be the easiest. Also, It's going to lower your expenses. Multifamily is great, but you can also do SFH. Basically, look at Zillow, see what houses usually rent for, and then divide that by the number of rooms and do that (you can usually get a little more). I have done a flat fee instead of charging for utilities which have worked really well for me. It is a fun adventure. Best of luck!