All Forum Posts by: Guy Yarkoni

Hi, Thanks!

Thanks!

Hi All,

I'm scheduling a 1-week trip to Charlotte and I was wandering if you think that 29.10 - 2.11 would be a good time to come (whether, Halloween, etc.)?

Also, I guess that lots of you have maid market visits like this so if you have any suggestions of “must do” action items for an out of state real estate investor that would be great.

Scheduled Plans

• Meet with local connection (friend REI) – general discussion over locations, economy, having a good time and meeting other people.
• Meet with Agent – first Face to Face meeting + attend showing of researched property at that time
• Meet with PM – first Face to Face meeting, meet the team, see previous work available for rent, request to meet other professionals in the industry
• Attend local REIA meetings (I looked at the local REIA and they have 3 meetings on that week.)
• Personal time - drive through Concord + Gastonia (secondary markets except Charlotte city) main locations and get an eye view of “lower condition” properties

Appreciate your comments.

Thank, Guy

Hi All,

I'm Looking for a good homeowners insurance company/agent in Concord/Charlotte NC. I would like to do a cost estimation for potential buying I have. Recommendations based on personal experience would be highly appreciated.

Also, if you have additional info / best practices you would like to share regarding homeowners insurance that would be great.

Thanks, Guy

Thank you both, I will do what you suggested.

Hi all, I’m looking for a good RE Agent in Charlotte & Greensboro that has experience with out of country investors. I’m currently on the lookout for small MFRs that will be able to generate cash-flow. Have you worked with someone good in the recent past that you want to recommend?

Hi all, thanks for your comments.

@Steve Rozenberg – My end goals are to have 10,000$ Monthly cash-flow in order to spend time with my family, travel the world and have financial freedom. I chose to focus on cash flow utilizing small multifamily 2-4 bedrooms, up until about 20 doors total, and 1031 exchange to bigger properties later on.

@Soh Tanaka – Since I have cash flow in mind, not appreciation, I am leaning towards Jacksonville Metros due to self-research and BP Markets Analysis Post. I liked the numbers shown and the fact that it’s not in the top 5 where I would have hard competition over the best deals. What’s your thoughts on that? Are you investing locally or out of state (if out of state how did you choose your location)?

@Mark Moss – Would it be ok if I PM you a few short specific questions about the area and the damage from the storm?

@Jeff Greenberg – Thanks, I will definitely keep that in mind. I will definitely come for some time to where ever Metro area I choose and spend some time getting to know the area and connect with local people and professionals. I feel that without boots on the ground, even for a short time, I will not have the understanding I’m looking for.

@Ingrid J. – Currently I would like to start small with a 2-4 units rental. Have you done similar deals from afar? 

Hi All,

Just wanted to hear your thoughts and ideas on my situation. I'm an out of state investor and currently trying to choose areas to focus on in the Jacksonville FL Metro. Since I will be investing from afar and using a property management company I decided to go for small MFR (increase cashflow per single deal) and to avoid flood zones as much as I can (avoid major rehab in all stages of the ownership).

Per these 2 terms (I know that there are a lot of other things to think about but let’s start from somewhere 😊 ), can you recommend on specific areas to focus on when looking for deals in the $100K range?

Any comments would be appreciated,

Hi all, thank you very much for your comments. 

Just to be clear, my goal is investing in the US (specifically MFR ) not in Israel. After reading "The book on rental property investing" by Brandon Turner and doing some digging myself on the local market here in Israel I realized that it would be hard to get all tax benefits available in the US plus we have a really bad Price-to-Rent ratio.

@Jeff G. - Thanks for the info on the local meetup. I checked it out and it's actually 5 minutes walk from where I live. So great advice and I will definitely attend.

Hi All, 

Is there any BP real estate events in Israel?