All Forum Posts by: Account Closed

I would ask the agent to conduct a thorough video walkthrough. If they are not willing to do that, that is a sign that they're hiding something and dishonest. If the realtor wants the sale, he/she should jump at the request to provide you with more information.

This is how my firm invests out of state - Our realtor conducts hundreds of walkthroughs. They can be very useful. 

I'd also wait for rates to come down so your buying power goes up. 

I'd start with getting into a cheaper single family rental in a midwestern market.

I am an acquisitions analyst at a real estate investment firm who models properties in two midwestern markets, and I am happy to chat. 

Thanks 

I think if you're new to investing in RE, a strip mall probably isn't a wise starter. You're going to be competing with big money for that and you're also going to be dealing with a dying industry (in-person retail), over the years. 

 I wouldn't be flipping in a high rate environment when we will be seeing a continued decrease in buyer demand and purchasing power. I'd personally wait and earn until the market capitulates and get into some long term holds. I think flipping is counter productive. 

This probably won't cash flow since your rent is so far below the 1% rule. I imagine property taxes are also over $1,000 and that your rate is over 6%... 

Generally, and unless your rate is near-zero and taxes are very low, you'll need to have monthly rents greater than or equal to 1% of your purchase price. 

Buy the crap out of it like I always have. Those who don't will, they just don't know it yet. 

I'd have a local realtor check it out for free or buy them a coffee. I don't think it's necessary to pay a lawyer. 

I took some risks in stocks and crypto. I am young though and recognize not everyone has that risk tolerance. 

 Yes, we are buying up Blue Hills, Independence, Raytown, some Marlborough Heights.