All Forum Posts by: Jacob D Adamczak

@Steve Edwards With townhomes, you'll have to make sure they don't have additional rules regarding rentals, some have restrictions but as long as you are long term renting it, you should be ok. I don't love having townhomes and condos as rentals because of the HOA rules, the HOA fees and the fact that it could increase at any time, and that you could be liable for a special assessment at any time if levied by the HOA. Makes it hard to run your numbers if things like that can change and are beyond your control. However, it will be a much lower cost way to get him housing and his first rental.

@Tara Josberger happy to hop on a call and let you know where Im seeing STR opportunities around here!

[email protected]

@Tara Josberger Are you open to house hacking? That's how I started and I have helped a few others start that way. I am an agent and own a short term rental mgmnt company so am very familiar with the STR rules and regulations as well as the best areas for that strategy locally.

I also disagree that off market it just a marketing term. You can search by keyword in Zillow as well -As an agent I have both zillow and MLS alerts as zillow and MLS both have different capabilities. A good investor agent that is plugged in with local wholesalers, is prospecting, and marketing on their own will have plenty of discounted off market opportunities that will have less eyeballs on them then the MLS. Still may be competition and multiple investors but certainly a good tool to have in the toolbelt.

@Allison Park We work with plenty of investors who are either agents themselves or dont want to sign a long term buyer agreement with one agent.  If they are interested in that property I have them sign a 30 day agreement for that property specifically. For me, If they buy with me and then sell with me when they flip it, it is totally worth the time/effort.  I disagree that good agents wont want to work with you or that you need to commit, you just need to find the right investor focused agent who "gets it"

@Dena Sommers I would be happy to help! We primarily focus on working with investors and have access to both on and off market deals. Feel free to reach to to me - 716-480-4212.

@Shayne Floyd also interested, just sent you a message but email is [email protected], would love more info.

@Jay Hinrichs Yes still good money in flips and new builds to be made especially with off market deals. Ive started buying my rentals in other markets primarily.

@Anne Christensen I am not finding them to cash flow unless you are finding a really heavy value add where you can be all in for 65% of ARV.