All Forum Posts by: Maureen McCann

Hi Dave...We were! Many real estate investors do not recognize the effect inflation has on debasing debt. Inflation is a borrower's friend.  Just like inflation erodes the value of their savings, it also erodes the value of their debt. (Why do you think the US Gov likes inflation? Because their enormous debt is being debased with higher inflation). Investors need to know and understand this concept as it is a big one in their wealth accumulation. 

Hi Roger...Welcome to BP! Congrats on saving up enough capital to make your first investment. Bravo! I agree with Taz that TX is a good market for the capital appreciation play, however, you are not going to get the monthly cash flow you are seeking as the property taxes are 1.6%, the 7th highest in the nation. 

Property taxes in Texas are the seventh-highest in the U.S., as the average effective property tax rate in the Lone Star State is 1.60%. Compare that to the national average, which currently stands at 0.99%. The typical Texas homeowner pays $3,797 annually in property taxes.

Your capital can go a lot further in other states with a lower effective property tax rate. AL is one such state. The average property tax in AL is between 0.423 -0.675%. There are turnkey properties in good parts of AL for between $100K-$200K so your $ 50K will go far in such a market. 

Simply enter the assessed value of your property and choose your county to get an estimate of your property tax amount. The property tax rate in Alabama varies by county, with an average rate of 0.423%. This means that for every $1,000 of assessed value, the property owner would pay $4.23 in property tax.Nov 17, 2023

Interviewing a PM Co takes some skill and some basic, but very important questions. I can help you with the right type of questions to ask. Feel free to DM me and I will provide you with the list of questions. 

Cheers!

Hi Travis,

The best advice I can give you is to consult with a lender, explain your game plan, and ask what is needed to qualify for a 30-year fixed mortgage. Many markets outside of Orange County and out of state offer investment properties between $100K-$200K. I have a lender I can introduce you to who can help you understand what you qualify for. Additionally, this same lender can run the numbers for you on taking out a HELOC on your primary to see if all costs are covered from your investment property. Feel free to DM me and I will connect you.

Congrats on finding real estate as your true wealth builder. You are not wrong. Cheers!

Hi Trevor 

@Trevor Crabtree

Welcome to BP Forum! You will find some sound advice on this platform. I agree with Min's suggestion to start with a reputable turnkey operator.  I have operated in the TK space now for 16 years and have a lot of good contacts and intel for you.  Feel free to DM me and I will get you hooked up. 

Cheers,

Maureen

Hi Aakshay... Congratulations on your new home purchase!  

Min has given you good advice. Starting with turnkey rentals is a great place to start. Properties are already rehabbed, tenanted, and cash flowing and managed by a team. You can find good cash-flowing markets in the SE. Price points are between $100K -$200K. Birmingham, AL, Huntsville AL, Tuscaloosa, AL, and Montgomery, AL are all such markets. 

DM me if you would like any recommendations for reputable turnkey companies. I have been in the TK space now for 16 years.  Cheers!

Hi Roger...I love the information Greg Parker shared. He is not wrong about AL being an exceptionally good investment market due to the very low property taxes.  If you are looking for newly constructed duplexes and quads in FL then reach out. I know of an outstanding provider of such properties in the FL market. I can make the introduction and get you the proformas. 

DM for more details. 

Cheers to Your Success!

Greg,

Is your group solely focused on the metro-Atlanta market or are they open to other neighboring markets like AL?   

I noticed no one responded to you so I thought I would jump in here to see if I can help out. LMK your thoughts. 

Cheers!

Cedric...Congrats on finding your way to investment real estate.  I live just south of you in San Diego and CA is definitely not the market to invest for a long-term buy and hold. I help investors build real estate portfolios outside of CA predominantly in the SE markets.  If you are looking for some guidance on where to find the cash flow markets with slow and steady appreciation, then I am your gal.  Feel free to DM me and I will give you the scoop. 

Cheers to Your Success!

Hi Yiyi...Are you open to looking out of state? There are some excellent cash flow markets in the SE. I can provide you some guidance. I have 16 years of experience in long term buy and hold and I know the SE markets very well. Feel free to connect for more info.

Cheers to Your Success!

Chris...I understand your predicament. Our biggest bill in our lifetime is our tax bill and we need to find legitimate ways to reduce it. As the old adage says, "It is not what you make, it is what you keep." Long term buy and hold real estate is a tried and true wealth builder. There are 5 ways real estate pays investors. Whenever I walk investors through the math then the light bulb goes on. I would be happy to walk you through the math. As I like to say, Math is money and money is fun! You just need to understand the math to understand why investing in real estate for the long term works.  DM me and I will walk you through this 15 minute exercise. Every time I do this for investors they always say, "No one has ever shown this to me before."  Let's connect.