All Forum Posts by: Markus Samuel

Thank you everyone for all the perspectives and insights! It helped me put my gut feeling into words.

@Patrick Drury 
>I didn't see it in your post. Do you know what the ARV is?
The ARV is estimated to be 170-180K

> A suggestion I have would be to get insurance quotes while analyzing your numbers
Thank you @Paige B.for the advice and I'll keep that in mind!

@Cole Farrell > Congrats on getting in the game ...start with a multi-unit 2+
Thanks, and I agree with you! I'm a big believer in Multifamily and definitely in my medium-term plan. My plan currently, is to start small with high cash-on-cash returns to learn and build equity, then re-invest in bigger properties. I was told it's more difficult to find tenants for smaller multi-units(duplex, triplex, etc.) due to compatibility, but I'm not sure how accurate that is.

@Jordan Ray it was great chatting with you too! I appreciate your fast reply and taking the time to go over the deal with me!
Looking forward to exploring the potentials and the opportunity to collaborate! 

I’ve found a “deal” but I’m having trouble understanding if this is a good fit for me. I’d love to hear some perspectives from more experienced and local investors on what you think about the numbers below:

$130k for 3bd 1ba for a single family house:
- Reno Budget: 42k
- Projected Rent: $1400

Pros:

1. 1. Currently tenanted 
2. 2. Appraisal came ~10 higher than PP
3. 3. Potential for ~7.5% cap rate

Cons:

1. 1. Long distance investment (will be using property manager)
2. 2. The house needs heavy renovations
3. 3. Located in HornLake, MS – I'm a bit concerned about declining population and overall economic drivers

Hello MS locals/residents,

Im currently assessing a single family property in HornLake for a buy and hold and hoping to get the opinion of a local on the outlook. Threads on this topic here are 7 or 8 years old so a lot could've changed since then.

I appreciate the help

Cheers!