All Forum Posts by: Jason James

@Denis Vaughan      the exact impact of an electrical service upgrade on your home's appraisal will depend on the specifics of the upgrade, the appraiser's assessment, and the local market conditions.  it's a good idea to consult with both an electrician and a real estate professional to determine the potential impact on your home's value. 

 @Greg AndersonWhen is the next meetup?

@Jeffrey Anderson If you decide to furnish it you will Maxime the cash flow potential. depending on area the MTR rental option is great. Its the sweet spot between STR and LTR in regards to cash flow and investment of time. Jump on furnish finder to get an idea of what the MTR are renting for in your area and compare that to the additional investment to setup. I personally love the MTR model as it is a much different clientele then the long term tenant.

 @Denis Vaughan Refinance why your still in the property. If you used a FHA loan , try to refinance out into a traditional loan so you can use your FHA loan on next purchase. You living in one unit wont negatively impact the appraisal amount. If appraiser uses income approach they'll use fair market value for the unit your living in. I did this about 2 years ago and will use FHA again on my next purchase.

Welcome to the BP Community!! And a even bigger congratulations on your 1st investment. Your in the right place to keep the momentum going!!! 

@Sidney M. the Stockton REI meetup is a good one. When I was in California I attended it everyone month. They have a website and you can find them at Meetup.com

I know the current market climate can be tough for many of us,  with inflation, supply chain issues, and global uncertainty. So, I'm curious to know how you're all adjusting your investment strategies to keep up.

Are you investing in new markets? Have you found new investment vehicles or strategies that are working particularly well? What do you think the future holds for your markets of choice?

I'm hoping we can all share our experiences and learn from each other as we navigate these challenging times. Thanks in advance for your input!

Nathan, I see you in MI, I invest in MI.  I would love to connect with you at BPCon  and talk shop. 

I’ll be there . Cant wait !!

@Hadiya Coppedge I work full time and invest. Half of my portfolio is managed by property managers and a couple them are self managed. For the properties that I manage I use property manage software to streamline communication , tenant requests, etc.