All Forum Posts by: Mena Soliman

 have you ever found the answer for this? looking to build up the dispo side and looking to contact those big buyers

do these spot cash flow? and how does it look like from a cashflow perspective? if it doesn't cashflow, do you see a market for turning the other unit to a STR/MTR?

if I have some cash saved up and looking to leverage that money to the most and my W2, would you recommend getting a conventional loan first and then in a year move to another place with FHA? or should I do the opposite and start with the FHA?

 is there a lot of small MF out in Columbus? I hear it is ver competitive now! also, are you able to cash flow?

 where do you resell them? amazon? eBay?

 what do you sell on eBay?

would you use hard money over conventional to have an advantage when competing in a hot market? I am certainly preapproved and have no issues with going with the traditional route. but with the market being very hot right now and everyone is fighting over decent deals, can I leverage HML and refinance it to a conventional one once I close? I am assuming the HML is seen as more attractive as cash offers and might give me a chance to close on a deal.

why do you think that Little Rock, AR is best for investing now? I am curious...

Hi, 

If I would build an AUD in a backyard of a duplex, how easy would it be? cost? duration? 

The lot is zoned commercial, but has a residential 1848 sqft duplex sitting on it. the lot size is 0.28 acres

i was thinking a studio or 1 bedroom unit in the backyard can help cashflow it but thinking about what would it take

Thanks

Hey, I have been looking into that market for some time now. Austin is such a great market and I can definitely see myself moving there soon. I am looking to connect with local investors to learn more about the market and get your insight. 

Firstly, I would really appreciate it if you can share with me any truth worthy local agents, property managers, and leaders you have worked/interacted with. I would love to talk to them and let them know that I was referred by you 

Secondly, what do you think of the Leander market? there is a duplex that I am looking at. it is good but doesn't meet the 1% rule, it is more of a breakeven deal. it got its pros and cons:

pros: 

-walking distance to a good school

- currently renting at the max potential and seems to be updated so not much rehab is needed

cons:

- on a major street

- not much improvements are needed so it will be hard to add value and recoup my initial investment plus it is not really a cashflow maker. 

All the "boots-on-ground" agents I have talked to encouraged me to go for it as that it very rare to find 1% rules properties in Austin MSA and this will be appreciation play. is this true? do you again for breakeven or a bit more in such a hot market like Austin MSA. or should I be patient? 

The challenge is that this would be my first investment property and out-of-state so I would love to hear some of your opinions besides the agents (who are incentivized to make a sale) 

Thank you so much for your help. btw, I just joined BiggerPockets and its like heaven for RE investors, feel free to connect with me (or my account would be so lonely!!)