All Forum Posts by: Kunal Mishra

@Jason Polykoff

I would recommend Columbus over other cities in Ohio, it has the highest population growth in the state and highest expectations on appreciation in the next 5 yrs.

Yes, cash flow will not be as good as Cleveland , Dayton or Toledo .. also price point point is lower.

So all depend on what strategy you have.

@Arun Dharan

Philly is great for cash flow over all, not so much for appreciation, unless you are in south philly, fishtown, some areas of Port Richmond that have already gentrified quite a bit.

Frankford, Harrowgate are two neighborhoods that are seeing a lot of rehab and constructions , again it is very block by block. I think they are good for cash flow

On the west side I want to say Strawberry Mansion could see some gentrification in the coming years, but you really need to get in touch with a few local agents and PMs who can give you a more realistic feel for the neighborhoods.

Good Luck

Kunal M.

All, I am looking to start investing in either SFH or 2-3 Unit MF in Charlotte, NC.

Any recommendations on C to B- neighborhoods or up and coming neighborhoods for a decent cash flow. 

Decent cash flow would be $150-$200/month after all expense (incl. mortgage)

I would like to connect with Realtors and PMs

@Zach Lemaster @Joseph Schweizer 

Thank you guys for your response and additional information. 

Zach - I will surely be in touch with you. 

Great forum going on here. Made me think and 'actually' write down my goals for 2021

- Refinance my purchase from 2020 (that are now rehabbed and rented) and get cash out , finish the BRRR circle.

- 8 doors in 2021, with most of them coming from North Carolina, really want to enter this market, Greensboro, High Point, Winston-Salem, Fayetteville, Goldsboro, Rocky Mount

- One fix and flip in NJ - well need to fund the purchases in 2022 too :-)

@Joseph Schweizer Thanks for sharing your journey and experience. I am very much interested in buying my first rental in KC. Is the $230/mo cash flow after allocating for vacancy and cap ex?

What other neighborhoods other than Blue Hills would you recommend?

@Jeremy Albers

I am interested in expanding into the Greensboro market, in general around the TRIAD and would like to connect with you.

@Joseph Abbott

Howe much do you think will be the rehab cost?

You can try for a homestyle renovation offered by Fannie Mae for investment properties

I think it is not going to be like post 2008-2009 when foreclosures skyrocketed.  

Yes, foreclosures could start popping up sometime early next year in those non-judicial states before others, but depends on the results of the vaccine, if they are satisfactory then we wont see a big wave of foreclosures, only those that couldn't survive, for which we will have a big army of hungry investors outbidding each other in a low rate environment. 

The opportunity is more around the paradigm shift that the virus brings along; where population moves out from one state to the other, people moving into suburbs, sun belt getting more populated (which btw started prior to 2020)

Expect property taxes to go high across all states as they need to make up for 2020. 

It is difficult to say which state as a whole is hot for rental property right now also depends on whether you are looking for all Cash Flow (CF) or all Appreciation. Let's say the average or newbie investor needs a balance of both.

I have listed out a few cities for myself that we are monitoring, each city lets us achieve a different goal. 

Columbus,OH - balance of CF and Appreciation
Austin,TX - more appreciation  - I think of this as my kids 529 plan (be being funny and real at the same time :-) )
Charlotte,NC- and its suburbs,  balance of CF and Appreciation but more appreciation, could be a 529 equivalent

There are many other markets good for constant cash flow investments like, Cleveland OH, Rocky Mount NC, Fayetteville NC, Philadelphia PA, South NJ etc.. 

comments, feedback, criticism.. from other investors are definitely welcomed.