All Forum Posts by: Hadar Orkibi

@Latoria Sharp try to find away so you can add value to fellow experience investor, find them deals and do some leg work in exchange for support. read books and join local groups.

@Derrick Craig .  I like the before and after that's very satisfying, what a dog it was - nice job.

do you mined sharing how long did that take? did the roof need any work? 

are they all on one title or have separate deeds?

A work like that would have cost over a $100K NZD to complete in New Zealand.

Cheers 

@Amir Boneh, Do you mined sharing what sort of yields are you achieving in Collierville, Arlington,Lakeland and Bartlett?

Did you buy Turn key?

Thanks in advance,

Thanks @Dean Letfus , 25% down would do. 

@Alex Craig That sounds almost like commercial property eviction process which is great for landlords.

Big day coming up, lets see what happens and if there is any Knee jerk reaction to the stock market. at list we don't "gamble" there hey! 

Thanks for the comments @Curt Davis @Alex Craig and @JD Martin. 

I understand that the market is hot now and it sounds like the US housing market is potentially peaking. the last few years where great here in NZ and trading properties is easy when sentiment is good (anything to do with on-selling deals we call "trading") I'm keen to get in to your Market but not desperate to rush in with the crowds. 

I would like to diversify and build a cash-flow portfolio in the US, I have few friends who invest in Memphis (and used some of the TK providers here) so think it will be good place to start. im interested in B, B+ maybe areas where there are better tenants and possibility of some rent growth over the medium- long term. My plan is to buy few in the fist year ( 5 sounds like good number) and see how they preform, Buy with 20%-25% down and Refi to exit say 10%-15% out and buy more.

I wouldn't mined buying in A- areas where there is lower cash flow if we can have better capital appreciation and solid tenant demand.

Little Rock could be another options, but I will need to research it first.

Ideally I would like minimum $200 per door net after all costs.

How is that sound to you? Realistic? 

Thanks in Advance guys,

@Alex Craig isn't it the same in any market? That a Active local investors would most likely keep the best deals or pass it to their bast mates? I bet in Memphis there are great off market deals at 1.5%-2% in good areas that don't go to turn key. 

It's just the nature of the game, you have to be in it to win it. :-) 

Sounds like a plan Joseph. Thanks