All Forum Posts by: Julio A Padilla

Anyone have experience with this company or know more about it?

https://www.getaway.co/faqs

Hey Julio! I’m in the Syracuse NY and frequently work with investors looking for rental properties. Here’s a general criteria that might be a good outline:

-single or multifamily properties? Single might not have as much cash flow, but multi family properties create more potential for issues since there are likely multiples of everything (furnaces, hot water heaters etc)

-what property class are you looking for. Investors typically grade areas based on a lettering system A-C/D. These areas have different tenant pools, turnover rates, and varying cash flows. Link attached since there are a few details to note. https://www.realtymogul.com/knowledge-center/article/what-is...

-what is your primary goal? Cash flow, appreciation, cap rate? There are multiple different metrics that can be used to measure the efficacy of a rental property.

It may be worth finding a person in your area that has experience with rental properties to learn from as well. There’s lots of trial and error involved and your first rental property will likely not be your best. Anything else, I’d be happy to be a resource!