All Forum Posts by: Korey Harmon

You can try to get a ballpark estimate of what houses in the area have sold for. If something in the area that is a 4/2 that sold for 200K, you can do some estimation on what a 3/2 or 5/2 would sell for. Did you change the parameters? i.e. how far back you are looking, bed/bath count, lot size, sqft etc?

It's based on numbers. You need to know rehab and ARV. Are you able to buy property when you turn 18? I'd focus on building funds, credit. On your first deal I think a house hack is better, flipping a home at 18 is definitely risky. At 18 you have plenty of time so don't get caught in the excitement, make smart moves.

Bring money into the deal as a partner in the LLC, vs being a workman.

Co-invest.

Sorry for not being clear, I meant it as population size.

 what are you asking????? Also FL is NOT where you want to be right now. WAY overpriced,  ( which is why I am renting on the beach for a year ) But again, NO IDEA what you are asking. 

100 to 250K for downpayment or purchase price? 

How big?  And where in FL?  As someone who lives in Florida and buys large multis, I won't buy in Florida these days...

@Korey Harmon - I invest in small to medium sized multis (3-20 unit properties) and one of my main strategies is targeting the city or the 2nd city in each state with the largest stock of multis assuming the city of growing. For example, Worcester MA has the largest stock of multis in all of Mass. 30-40% of the stock of houses are multis and the population is growing dramatically.

Additionally, Manchester NH is the city in NH with the largest stock of multis right next door. If I was going to target another market, that most likely would be it. It has great population growth, is close to Boston and just like Worcester, has the largest stock of multis in the state. When a city has that amount of multi's, its easier to find deals. As opposed to Boston MA where 5 multis come on the MLS each week and get sold before you can even walk the properties.