All Forum Posts by: Praful S.

Lot of people would recommend the places where they invest in, which is natural. Is there a place where you have no investments in and are seriously considering to start in 2021?

I am thinking of Austin, TX and Southern Florida (Ft Lauderdale, Plam Beacon) but with inability to freel travel due to covid, knowing someone trustworthy on the ground is more important than ever and that's what is holding me back right now.

Thanks for your inputs everyone!

@Michael Ehmann Grean insights, I will take some time to digest all the info. 

I know in some markets, duplexes, triplexes and quads may not be as popular and SFH are the way to go for investments. Are these the kind of areas where SFH is preferred over multi's?

@Robert Gilstrap - It really depends on what makes most sense. I can go up to $500K comfortably (maybe even higher by the time I find a property) in terms of downpayment etc.

Would love to meet and connect with a local investor friendly agent!

Hello BP members,

I will be traveling to Atlanta soon and would like to use the opportunity to get familiar with the neighborhoods, rental market, opportunities, making connections with agents, investors, GC's, etc.

I looked at some of nicer neighborhoods of Atlanta and Alpharetta and quite a few of them are on the East side and North-East side. Is Atlanta/Alpharetta area a good rental market? Is it possible to find cash flow deals? 

Thanks

@Ryan Cole @Erin Legler Thank you both for responses. Very helpful replies. Erin I sent a PM to you about the exact College Park location for the property. When you say the right section of College Park, could you please tell me what would you consider not so great area of College Park, if any?

I will call both Prop Management companies tomorrow to find out more. Thanks.

Hello BP community,

I'm looking for some advice from someone local or familiar with the Orlando College Park area. I'm looking to buy a property in the area but the cash flow is almost to the point that I'm on the fence with the deal. I have not looked at the property in-person but plan on being there for the closing if the deal goes thru.

The cash flow is about $100/mo. with 65K down not considering the lease renewal fee charged by the prop. manager.

I have a few questions that will help me decide whether I should move forward with this and I'm looking for advice from experienced fellow members:

1). Are there any bad areas within College Park to avoid?

2). I have analyzed the market for rents and I came up with a rent range for 1 bedroom in college park to be about 900-1000 range. Does it sound correct in today's market?

3). If you know of any Property Managers that you can recommend, could you please let me know?

Thanks! 

Hi,

I'm considering investing in a multi family property in Orlando from OOS. The way the house is setup is such that there is only one electric meter for 3 units and the listing agents says that the tenants pay based on the percentage of space and I was also told that it is fairly common in Orlando area?

Can someone from the area comment on whether it is true? Also, if you have a property manager in Orlando area that you recommend, could you please send me their contact info?

Thanks

Following, I'm interested in Charlotte market as well.

I'd love to hear your persepctive on the Raleigh market as well. I am considering that market for SF or MF investments as well and wanted to know some of the investment worthy areas and would probably have to find a good property manager.

Hello,

I'm starting to look at multi-family, apartment buildings as investments. However, I'm not sure where everyone starts their search? I do have a full-time job so I would like something turn-key or mild reno and that can be managed by a professional company. I'm from NJ and finding deals here on such properties is virtually impossible (I could be wrong), so I'm starting to look at more affordable and possibly cash flow positive investments in Dallas, Philadelphia, Raleigh area (on loopnet!). I have saved up for a down payment and could possibly get a commercial loan for about 800K. What do you guys recommend for

1. First point of starting my search (loopnet?)
2. Overall markets that you recommend for multi-family investment that can be handled long-distance Philly, Dallas, Houston, mid-west?. 

Thanks

Hi everyone,

I've finally saved up to make a down payment on an investment property. (I'm an accidental landlord already!). I'm interested in multi-family buy and hold strategy for now. Something that is professionally managed but still leaves some positive cash-flow. How are you guys finding deals to invest in? Where do you go to start your search? In NJ, these deals seem to be virtually non-existent. So, I'm open to investing almost anywhere in the country. So far I looked at Philadelphia, Dallas, Raleigh (mostly on loopnet). What do you recommend in terms of long-distance, hands-off type of investing? Is this even doable or am I sounding crazy? 

Thanks!