All Forum Posts by: Diane Heidke

@Adam Schneider hey Adam nice to meet someone local! My long term investing goals are for appreciation and cash flow. I am considering this condo because it’s such a small monetary risk since it’s at a low price so even if everything goes wrong and I lost all my money it wouldn’t be life changing. That being said, it’s currently being rented out below market, and the numbers work with the current listed rent (assuming it’s accurate of course I’d verify this). My ideal situation is tenant moves out after lease is up and I rehab it to make rents match market and gain some more equity and force appreciation. Of course I’m not looking to get rich on this deal, I know small risk is small reward but I think it would be a great stepping stone and I want to take on a small rehab property as a learning experience to gain confidence for bigger deals that need more work. Thank you so much for your response I really appreciate the advice!

Hey everyone, I’m a newbie investor looking to do my first deal within the next 6 months. I originally wanted to invest in multi family properties, but they seem to be few and far between in my area, and the properties are overvalued based on what I could get in rent. I found a condo (one unit) where the numbers seemed to work based on my personal goals, in an appreciating market (Raleigh N.C.) I’ve read about 15 real estate books in the past year, and not a single one talked about condo investments, so I’m curious if anyone has done a deal, good or bad, id love to hear your experience. Of course HOAs can eat into your cash flow, but could HOAs also be a positive for a first deal, since now I don’t have to worry about lawn, landscaping, snow removal, and big expenses like roofs that could wipe out all my cash flow for the property? Curious to hear your experiences. Thanks! :-)

Hey everyone I’m brand new to the area and would love to join and meet everyone. See you guys Wednesday :)