All Forum Posts by: Kiera Underwood

@Julien Amparan it's better to make moves with small returns then to not make moves at all. That said you might get a bit more bang for your buck out of state right now. How committed are you to Austin? 

Totally in line with Andrew! You can get a bit more bang for your buck out of state right now. Numbers are a bit tighter than they were pre-corona so looking for a market when you can still have a decent return will be important! How do you feel about the idea of investing out of state? 

@Sam Sala I'm a big fan of a turnkey experience (full service, easy to pull the trigger, generally hands off and esp after purchase) but I like a wider range of inventory. If something isn't fully renovated and I have 12k of deferred maintenance but I'm brining that much less to close because purchase price is substantially lower and I'm financing half as much AND I have a higher cap rate.. that's a win! What returns are you hoping for? Or just seeing what's out there? 

@Mike Bianchi you could buy fully renovated 12+ unit multifamily in OKC for that price range. It's a safe place to park cash from an potential market correction standpoint. In the last downturn Forbes actually called us recession proof. If you are going to buy somewhere I'd absolutely focus on markets that will hold their value after everything corrects. Happy to help! Good luck!

@Renee Ren Curious if you were able to buy before prices rose? 

@Darin A. Scavella Jr oh understood! Have anything in the states? 

@Eric James I don't like to be too speculative, but it's in an area that's obviously developing more than other parts of city. It's just outside of the two biggest employers in the city but on the side of those employers that hasn't been developed as much.

@Benjamin Aaker thank you for the input! I wanted to make sure there wasn't something I was missing. 

@Todd Dexheimer This property does have opportunities to increase cash flow. PM has said that rent rates can be increased by $15-$25/unit at tenant turnover. There's also a vacant lot that could be developed for more cash flow or just sold. I'm also really curious about what charging water back to the tenants would look like or getting a more competitive trash service. Overall I know it will sell, but just getting the ducks in a row! 

I'm wondering the same. Does it have to be FL? 

@Darin A. Scavella Jr I don't think you always have to syndicate unless downpayment funds are the issue? I've been working on making sure buyers have lending on the same size properties and there is decent commercial lending out there. This may be market specific though. Where are you investing? 

@Benjamin Aaker I've talked to a few investors each year that seem to lean into this type of property and exactly as you pointed to, they are not at all concerned about cash flow. Is the point as simple as avoiding the extra taxable income?