All Forum Posts by: Mckenzie Mckean

I have purchased 2 houses in a market where the numbers look great on paper and I am wondering if I am missing something.

Purchase price is averaging about $50k per single family house. Houses are about 16 sq. Ft, 3/1 or 4/2 in a c/d class neighborhood. They are pretty much ready to be rented when we buy. They rent for about $1100 to section 8 tenants.

We are using conventional loans at 30 years with 20% down with 4% interest rate.

We've thought about applying the BRRRR strategy but our realtor has told us the neighborhoods won't allow much value add.

The homes are managed by a pm as the location is about 2 hours away from where we live.

The homes cashflow well. However, I have 2 concerns:

1. Are we wasting our 10 residential loans on small loans as opposed to larger loans that would produce more doors (like a 4 flat for example).

2. The neighborhoods are not rampant with crime but there is some crime and they are not necessarily neighborhoods we feel comfortable working on the house in. For example, while painting the house, neither my husband or I wanted to be left alone at the house.

3. Should we continue to buy these properties with conventional loans?

Thank you for taking the time to add input!!

@Victoria Seale thank you!

@Brian Tercero hi Brian! I am looking for an agent in the Santa Fe area. Would you be open for a chat?

@Ian Lockwood I am looking for a real estate Agent in Santa Fe. I see from your profile description that you are no longer in Santa Fe. Would you happen to have any recommendations for me in Santa Fe from your previous experience there? Thanks for any info!

I am looking for an agent to help me as an out of state buyer purchase a condo near St. John’s College.

@Jordan Rhoads my husband and I are also looking for markets to do a BRRRR and potential partners to pool our money with to make it happen. If you're interested in partners, we should chat!

Hi! Can you share with me what is an easy way to quickly find the owner of a property?