All Forum Posts by: Kenneth Mooney

@Kevin Wilson My gut says absolutely not..... but...... you aren't going to be upside down in the property, correct? What will your cost basis be and how much $$$ are you going to have into it?

@Brandon Clark It sounds like to me that you know the criteria you are looking for but do not have the proper software to pull the lists. Where are you getting your data from? I can recommend propstream. You can pull modify any lists by all sorts of data points that would fit what you have said above. 

@Ben O. What kind of loan? Traditional financing I would imagine it would be extremely difficult. 

@Sai Medavarapu Certain cities lend themselves to higher cashflow, for sure. However, the ability to cashflow is everywhere if you find the right deal. I buy cash flowing assets quite regularly and know of many funds/entities who do it all across the southeast. It partially depends on your management operation as well. A lot of these hedge funds (the good ones at least) that you see are able to pay more for housing because their management expenses are SIGNIFICANTLY less due to the scale at which they purchase. Lots of variables that go into "cashflow" as everyones situation is different. 

Hope that helps. 

@Daniel Muscarella I think some context on my response is appropriate - I have historically been a long term buy and hold investor but as the economy started to boom AirBNB did catch my eye. For me personally, AirBNB scares the heck out of me. We are either in, or in the midst of a recession, where people historically restrict their spending. Traveling for enjoyment COULD , not definitely, but could come to a halt which would kill your returns on by doing STR.

That being said, I do not see the "mid term rental" market going anywhere. That would include travel nurses, travel PT's, etc. Anyone on a travel contract where the company pays for housing. Those still provide great rental rates (increase over market typically) and they always need furnished rentals. 

Ultimately, depends on the market you are in and what brings people to the area. 

@Rudy Nieves I would recommend simplifying your business and analysis of properties. That being said, your tenant should be responsible for their own electric and water bills. There is really only one exception to this and that is if you are purchasing a multi family unit that has all utilities run through one meter. In this case you would want to include water, electric, landscaping, and pest control in the rent amount. Hope that helps!

@Francheska Viejon A couple of questions here..... (1) What are you currently paying in housing? If you can cover all expenses, obviously that is best, but in this market most people are no longer able to do that. If you move in a few years and rent your unit out, would it cash flow? (2) How much can rents be raised on the other two units? (3) If you were to raise rents on the other two units and the tenants vacate, how much would it cost to fix them up? Do you have that cash on hand to cover repairs and loss of rent for that time period? 

We really need more information here to make an educated decision and ultimately, it depends on your personal goals, which only you know :) Hope that helps!

Victor, feel free to reach out. More than happy to help. I know a few people here in Augusta that sell turnkey rental properties. 

Welcome back to Augusta. My wife and I love it here.

@Krystal Marquez @Phillip Vera has bought a lot more than 2 in the pst 12 months. He can definitely help you.