All Forum Posts by: Matthew Swearingen

Hi Mike Can you forward me your buyers agent info please?

Thank you for everyone's input!

I'm curious if anyone has any insight on investing in these two areas. What would you recommend. I understand that on one street you can have a nice property and then turn the corner and not have a nice property. So relative to c+ and b level properties can anyone give insight what they feel would be a better area to invest in with regards to cash flow and appreciation.

Thank you for everyone's input.

Is there a calculator or an app that when I locate a investment home to buy I can plug in ALL the pertinent numbers to tell me exactly what my COC and passive income will be?

Also, is there way once I locate an area to invest in a simplified way to locate homes and look at purchase price and be able to determine what it would rent for. What I have been doing is getting on Zillow and looking for home for sale in a particular zip and then looking for rentals in that zip. I would think there's an easier way to do this...maybe?

I have been looking at Indianapolis and Columbus. Any input would be appreciated. 

So you've mentioned this before Joe Bertolino, give us some actual numbers with vacancy rates, repairs, down payment all the costs and what's left over.. Also you mentioned "dumps: in Midwest. Not sure what that means but not every investor can afford to purchase a $450K. The cost in the Midwest is all relative. You can find the same COC return in other places. Im getting 30% or more when I work numbers with 20% down and rents at $900 on average. So its all relative.

@Joe Bertolino What are your numbers for the $825K you have under contract; mortgage payment, anticipated repairs, vacancy rate, etc, Was your down payment 20%? After all said and done what is your COC and/or ROI.

What are the obvious pitfalls you consider if you dont me asking? The obvious is being an out of state investor. Definitely deals out there in the midwest. You just have to look. Do you have any deals under your belt? What  makes you think CA is still viable?

Hey Colin- I have lived in Roseville, Rocklin< loomis for over 40 years and Im not sure what you are looking for but home prices are appreciating. I bought my home in Roseville 5 years ago for $355K and now its worth $457K. I just dont think there are deals here like in the midwest.

Unless you have info Im not aware of. But I haven't looked in these areas due to the cost of living and the costs of homes in relation to rents. 

Sorry Im not much help.

So no lenders for travel nurses? I bring home net and with stipends over 12K month.