All Forum Posts by: Michael Thurston

Jeff, those are excellent points.  I appreciate your insight! - Michael

Greetings,

I am analyzing a deal and the cash flow numbers look good.  My monthly expenses would be around $1,850/mo for two units that would return approximately $3,000/mo total.  However, it is in a vacation market that seems to fluctuate more than the suburban market where I usually try to invest.  So, it would likely take longer to resell whenever that time comes and the appreciation is less certain.  I would plan to keep it as a long-term buy and hold.  

My question is how much consideration do you give resale on your investments if the monthly cash-flow is strong vs potential appreciation and liquidity?  My current properties have appreciated well and could be resold quickly but do not cash flow at the same level.

Would appreciate hearing your thoughts!

Michael

Hey Mike, I used Julie Miller at Prosperity Home Mortgage in Durham, NC for my last purchase.  She was excellent.

I can't post her phone number here, but if you Google her name and company you will find her.

Good luck,

Michael 

Hi Glen, I’m new to BiggerPockets but I just noticed your post. Did you ever buy a vacation place in blowing rock? Love that area and was thinking the same thoughts about buying a vacation rental. I also like Boone quite a bit. Would be curious to know what you decided. Cheers, Michael

Hi LeAra, I worked in the NC real estate market for ten years. I’m currently just investing from overseas. If you are just getting started go interview with some Brokers in Charge with some of the well respected agencies in your area. A good BIC will help you start your career and introduce you to some agents and other business contacts with similar interests to yours. The BIC could have a seasoned agent who could mentor you. Any good agency will have a strong new agent training program to help you as well. Good luck!