All Forum Posts by: Kamil Baldyga

Hey Jeremy, congrats on becoming an agent! I'm an investor specialist agent in the Fayetteville, NC area. My biggest pieces of advice that I could give you is to start investing yourself. The knowledge, insight, and empathy you will get from it will be priceless when working with investors. Also, never stop learning and networking. Real estate is a constantly evolving environment, the more you're on top of things and the more people you know, the better service you can provide. Finally, give back to the community. Start teaching others or even start hosting real estate meet ups. Whatever you put out into the community will come back tenfold. Hope this helps, feel free to reach out whenever!

It depends slightly what investment strategy my client is using. Generally speaking, when I do a walk through of a potential buy and hold investment property, we get a general "feel" of the property as a whole and dive right into the big CAPEX items, roof and HVAC. If the roof is in good shape and it has architectural shingles, you can expect to save money upfront and potentially lower the percentage you save each month for CAPEX. Same thing with the HVAC, if its in good condition, or better yet, it's new, saves money upfront. A bad roof and HVAC don't rule out a property as a good investment as long as the numbers work.

Inside the property, I look at outlets (Three prong outlets are good, two prong could mean the electrical system is dated), possible water stains, water heater, and general layout of the home.

There's a plethora of other things to look at but I wouldn't say anything is a "deal breaker" so long as the problem can be addressed and the numbers still work. Sometimes "deal breakers" create a good investment property because it scares potential buyers away and the purchase price lowers. Learn how to address problems that other investors don't want to deal with. This gives you a strong edge when competing in the market. Hope this helps, let me know if you have any questions!

Hey Andrew, so I'm sure you've heard it already but what is "good" or "ok" is really subjective. It's great because you get to define it! Just some food for thought, even if you don't cashflow, you break even, or still owe some money at the end of every month, your net worth return on investment (NWROI) is typically still awesome! I also want to give a friendly heads up, a lot of new investors look for strictly multifamily properties, but not every market can support that goal, and a lot of new investors get discouraged. I wouldn't totally rule out a single family home and renting by the room. House hacking is a balance of working with what is available in a specific market and your desired comfort level of living. Let me know if you have any questions, best of luck!

I think it really comes down to how risk adverse and confident you are in the other market. If you already have a team in the other market and can find, or have already identified properties that can give you a higher return on your money, than it could be a great strategic move. However, I would keep in mind that it is a seller's market, and though it may be easier to sell your property and make money on it, it is going to be more difficult to buy a property and you will likely be spending more on the property to acquire it with how competitive the market is right now. Another thing to look at is the time and effort put in to sell your current property and reinvest money elsewhere. Essentially, is the juice worth the squeeze? Personally, I am just taking advantage of the lower rates and refinancing my properties. But if your pros outweigh the cons, send it man!