All Forum Posts by: Matt Honeyford

@Alex Jones

Based on a variety of factors. Mostly our most recent purchase prices and there associated ARV's and rents.

Homestead Heights and Northland-Lyceum neighborhoods. Lot of inventory and a changing market. Also, maybe Charlotte. 

I have nothing against Real Estate Agents, I am one. And was one before I finally started figuring this out. And none of the other real estate agents / brokers could help me figure out how to buy properties that made any financial sense. At the end of the day, agents are agents and investors are investors. Agents live in a world where they are jerked around, taken advantage of and waste a ton of time on people that simply aren't going to be worth it. So, why in the world would an agent help an investor find a property that made sense? It would take them more time and they would make less money. It's also not like there is a secret list of inventory that they have, it's just MLS access. Now, I don't know about other markets but in this market you have to hunt for the deals yourself. Deals that are off market and nobody else knows about them. If you want the deals, you have to find them yourself.

I disagree. You'll never find anything worth buying as an investment using a real estate agent. Because most only have access to properties that are located on the MLS. You have two options; either start marketing or start networking. (Or both).

Wait. So, there is an option. It's just not called a 1031, it's a 721. Is that correct? 

@Zachary Bohn

Can't you sell the property to a REIT in exchange for monthly distributions?

@David Simard

USED! We have a shop her in Rochester, NY called Rochester Appliance. They take old appliances and refurbish them. Everything is like $250 bucks, it’s great. And the stuff is pretty good quality.

@Colin Sweeney

We use Roof. They charge $2 per transaction, which can be paid by either the landlord or the tenants. Tenants can also submit maintenance request. I like it. I also hear that Cozy is pretty good.

@Lynell Sonoda

Ouch! That sucks. Have you considered rolling that money into a REIT? I believe that it may be considered a like kind exchange. But not entirely sure.

Or maybe cash out refi and rent the property.

Either way - good luck

It’s either price or it’s price