All Forum Posts by: Justin Hammerle

@Irene Low - If you are renting now, you will have equity accumulation by owning even if values stay the same and don't increase.  You always have the option of refinancing if and when rates go down.  If you are looking to build a portfolio and the property cashflows when fully rented you have a chance of holding and moving to another down the road.

@Alex Witte - Welcome to the BP Forums! Pittsburg, PA is a fairly affordable market by Northeast standards and certainly closer to home.  Definitely worth a look if you haven't spent any time reviewing the market there. 

Best of Luck!

@Bora Moon - Values for SFH and MFH homes are location specific. Generally speaking, on a per sqft basis, a MFH will appraise for more value than a SFH.

@Caleb Rehg - MLS is going to be your best bet for the most reliable information as voiced here. Apartments.com is a fair secondary source as it's typically not a third party source as landlords are listing their units on there directly. Lastly, your third party sources like zillow and realtor.com.

@Aileen Soriano-Pisaturo - Starting out trying looking in your general market area.  Out-state property management is easier said then done even for experienced landlords.

@Logan M. - I cannot imagine if demand continues to increase relative to supply; whether it is interest rate induced or not.  If it does, a bubble is almost unavoidable.

@Terence Crafton - Connect with an agent and loan officer in both areas.  Agent can advise on the market and transaction specifics, loan officer can tell you if it's even possible to buy.  Just pick up the phone or send an email.

@Christopher Cantrall - Agreeing with your last statement, the ecosystem as you put it is in part what gives value to commercial brokerages justifying the commission. Commercial brokerages have the systems and buyer contacts in place for maximum exposure of a portfolio of that size.

@Dan Kim - hard money can be used for quick approvals and transactions, but understand you will be paying higher rates and points. This makes sense for most investors due to the short term nature of flips. If you are you using subsidized loans like FHA, rates and financing cost may overall be lower, but it will be a heavier admin burden prior to and after closing.

@Faraz Mog -

- Yes, workforce housing often presents the best opportunity for value add investment and yield.

- Census.gov

- If your not already familiar, BP has calculators for various investment models under the "tools" tab