All Forum Posts by: Madeline Sarad

Thank you so much, Kevin! 

Hi Everyone! 

I am looking to connect with an investor-focused agent(s) who can provide expertise in the Cincinnati/Columbus/Louisville Kentucky markets. 

I am an out of state investor from Texas and am expanding into Ohio/Kentucky in 2023. I am looking for small multifamily deals with an emphasis on maximizing cash flow from those deals - either as long term rentals, mid-term, or a mix of both. 

I'd appreciate any referrals you may have for contacts in the area who are a good fit for this.

Thank you! 

Madeline

Thanks for your perspective, Bruce! I appreciate it. 

Thank you all for your input! Much appreciated. 

Hi there!

I have heard really mixed things about home warranties. 

I just purchased a property built in the 40's, rehabbed in the last 5 years, and have been considering getting a home warranty due to the nature / details about the property.

Does anyone have a good home warranty recommendation that services the Dallas, Texas area?

Thank you! 

Sign me up! I have 1 property and am looking to expand as quickly/sustainably as I can. I'm in the Lewisville area but own a property in Dallas. I'm currently looking at small multifamily properties (house hack + mid/short term rental) and want to learn from others who have more experience/wisdom in this space.

Scott, thank you so much! I am really excited to be part of this community and to learn from folks like yourself. I appreciate your feedback and will take another look at the numbers.

Cheers,

Madeline

Thanks so much for your response, Chad! I am awaiting his response and opinion on this deal as we speak :-) I will circle back once I know more.

I am not prepared to do a more intensive rehab etc and have been looking for something that doesn't need as much work. This property fits that criteria, though it's at a higher price point. In an absolute worst case scenario (ie - no renters at all for some unforeseen reason) I can float the mortgage amount on my own - it would slow down my saving for additional properties, but I wouldn't be in an impossible situation with no way out, if that makes sense. I think the chances of having to float this on my own are slim (solid location, consistent rental history, 100% occupied, other thriving Airbnbs in the area) but I like to prepare for the worst case.

Are there other downsides I should be considering at taking on this high of a loan amount early on? Even if I have short term renters in it - will it prevent me from getting additional primary residence loans in the future? I'm trying to do the "house hack for 1 year, find the next one and repeat" approach.

View report

Short version: I am new to analysing deals - can you help vet my report here and tell me if this looks like a good deal? I think it does based on my limited understanding, but would love to validate that with experienced folks in this forum.

Longer version: Hi Team! I am a newbie to real estate investing. I have 1 mortgage already (about 260K left) for a condo that I have rented out to tenants. 

I am looking for my next deal and trying to find something that allows me to house hack & generate decent cash flow that I can put into more properties later (I also save from my W2 job - this would just be supplemental cash flow). My strategy for this was to look at multifamily properties where I can do short-term rentals (AirBnb etc) & house hack at the same time.

I found this quadruplex - each unit is 1 bed, 1 bath, in an amazing area of Dallas that has local attractions and is also 1 mile from a hospital (travel nurse market). It is fairly updated. I might just look at improving the flooring in the bathrooms, repainting the units white & changing out some fixtures (doorknobs etc)

I am new to analysing deals - can you help vet my report here and tell me if this looks like a good deal? I think it does based on my limited understanding, but would love to validate that with experienced folks in this forum. I think $1 million+ is a lot to pay in the Dallas market, but I'd be willing to pursue this if it generates cash flow and could help set me up well for additional deals. The location of this place could not be better. 

Thank you so much!! 

*This link comes directly from our calculators, based on information input by the member who posted.