All Forum Posts by: Frank Mancuso

Hi BP, happy new year!

I was curious what people's thoughts are as we begin 2022, it seems that the housing market is not cooling off anytime soon, people are continuing to move out of big cities, remote work/WFH is the current norm for office work, and supply issues are still slowing new construction. I just wanted to pick the community's brains and get an idea of what people predict the upcoming year for housing/construction/rental markets will bring us? Any shifts in approaches or plans/new ideas in how to get the most out of your investments in 2022 etc.?
 

@Frank Rodrigues very true, definitely a much better perspective to take when deciding what route to best take at this moment

@Eric Fernwood Thanks for all the great info/visuals and all laid out amazingly! But your are right it's just another method that results in purchasing a property and due diligence is a must no matter what route one takes

Hi BP, I have been looking into purchasing an investment property in the Hollywood/Fort Lauderdale area.

Ideally looking for a small multi-fam which I can house hack, but also open to SFR's as well, my main focus is on obtaining a property that produces a positive cash flow.

Was hoping if anyone with boots on the ground could provide some insight into how this market is currently faring

Or Any general advice from those who have/are invested in the area

Or Any recommendations for specific nearby neighborhoods to research deeper within my price range (approx. 250-300K)

Thank you all!

@Matt M. the 100-200 net range was based on initial #'s I had run off of mls properties with very conservative expenses at my budget level, was gauging if there is better potential/less market saturation elsewhere as I'm not as familiar with the outlying areas but as yourself, Tom and Nate have all been pointing out other locations to look into

@Aj Parikh for sure, I'll DM you definitely would love to learn more how that process went!

@Emma Fitzgibbon Thank you Emma, figured everything is going quick, but I'll reach out to James and see what he thinks 

@Charlie Cooper I would want something in the range of $100-200/per door if possible, I wasn't really targeting a specific CoC %, is there generally one that you like to aim for? I know the formula can skew one to be leverage happy, my general assumption was if you wouldn't buy it with cash don't buy it with a loan. But, as both you and @Tom McGrew mentioned Scranton has better returns but the appreciation is almost non-existent, case of balancing pros and cons

@Andrea Lane

Like you said due diligence matters across any and all RE routes, great points on the tenant-landlord state laws as well as taxes, definitely need to do a little more research on those fronts but will reach out with questions! Thank you!

Hi BP as a longtime lurker-listener-reader, finally have some capital burning a hole in my mattress.

I have been researching PA (Lehigh Valley: Allentown, Bethlehem etc.), but feel I’m a little late to the game since it seems that everyone in the Tri-State area swarmed there starting last year.

Ideally looking for a small multi-fam which I can house hack, but also open to SFR's as well, my main focus is on obtaining a property that produces a positive cash flow.

Was hoping if anyone could provide some insight into how this market is currently faring

Or Any general advice from those who have/are invested in the area

Or Any recommendations for specific nearby neighborhoods to research deeper within my price range (approx. 250-300K)

Thank you all!