Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Keon Garraway

Keon Garraway has started 3 posts and replied 33 times.

Post: Nonpaying holdover tenant

Keon GarrawayPosted
  • Rental Property Investor
  • New York City
  • Posts 34
  • Votes 30

give yourself 6 months to get rid of a tenant in NYC, and if the tenant has a minor it will be worse.

Post: Looking for Advice on Co-Living Rentals in New York City

Keon GarrawayPosted
  • Rental Property Investor
  • New York City
  • Posts 34
  • Votes 30

co living is very delicate and it always depends on the right mix. I've had situations where the mix weren't right on 2 occasions and it was a headache. personalty clashes, phone calls with complaints at the weirdest times etc.

currently I have the right mix with two tenants (each in a large bedroom with shared kitchen and bath). The only reason why I think it is working is because both tenants are serious hardworking individuals who love to work overtime.

I have a 3rd bedroom available but am very hesitant to rent it out.

Post: First Investment Duplex in Columbus, OH

Keon GarrawayPosted
  • Rental Property Investor
  • New York City
  • Posts 34
  • Votes 30

is this deal cashflowing?

Post: New Real estate Investor

Keon GarrawayPosted
  • Rental Property Investor
  • New York City
  • Posts 34
  • Votes 30
Originally posted by @Alejandro Moreno:

@Keon Garraway i will look into doing that as well im guessing its the same as a joint venture?

yes it is. you guys can form the LLC, and split the shares equally.

Post: When will the Raleigh-Durham market cool down?

Keon GarrawayPosted
  • Rental Property Investor
  • New York City
  • Posts 34
  • Votes 30
Originally posted by @David Ginn:

My professional guess is that once they start to open the market foreclosures start happening again, you're gonna see a large amount of inventory released out on the market and it will flip the market from where it's currently a low supply and high demand, it will then turn into a high supply the low demand, at which point the market will be in a fall position. That depends on when they release the foreclosures out into the market, because there is a large pent up shadow inventory being built up every month that the banks don't foreclose, which is restricting the inventories.

So I think that if foreclosures are released into the market, there's a large amount of shadow inventory, so supply will become greater than demand and the market will correct back. Based on current projections that could happen in Q3 2021, Q4 2021, or Q1 of 2022 is where you'll start to see it go off the cliff. Remember that most people want to buy sooner. This 3 recession has potential to be fairly deep. The longer the government props this thing up, the more the recession will last, the longer it will go. So one of the primary indicators is to watch as to when these guys lift the foreclosure restriction and they allow the homes to be taken to sale. The minute that happens at all these flippers out there will start buying that inventory and put it on the market, thus creating a greater supply, as opposed to what the demand might be.

 Great analysis. Question, when the courts open up back and if a flood of foreclosures go through, wouldn't there be pressure on the federal government to have a refinance program akin to the TARP Program (Troubled Asset Relief Program)? I also foresee state legislatures being pressured to also come up with their own program. Because of this and the opening back of the economy, I do not see prices dropping significantly, and for areas such as Raleigh I see prices increasing to match the economic forecast of Google and Apple having campuses there.

Post: New Real estate Investor

Keon GarrawayPosted
  • Rental Property Investor
  • New York City
  • Posts 34
  • Votes 30

partner with someone and split the downpayment

Post: When will the Raleigh-Durham market cool down?

Keon GarrawayPosted
  • Rental Property Investor
  • New York City
  • Posts 34
  • Votes 30

prices are going to keep going up because Apple is about to build a headquarters there, thereby bringing 3000 jobs. Now is the time to buy in Raleigh

Post: Getting out the Navy, using GI Bill and wanting to invest in NYC

Keon GarrawayPosted
  • Rental Property Investor
  • New York City
  • Posts 34
  • Votes 30

NYC is a very expensive market, so you need to come with significant cash. And if per chance you have a bad tenant, know that it will take 4 to 6 months for an eviction. 

Post: Where do you find tenants in NYC?

Keon GarrawayPosted
  • Rental Property Investor
  • New York City
  • Posts 34
  • Votes 30

you go to a realtor and they will get tenants for you. that's the easiest since you simply give the realtor your pre qualifications and they do all the work.