All Forum Posts by: Mitch Miller

@Rosmairy Ortega There are a couple meetups in the area that are free to attend and a great way to grow your network in the area.  There is a bigger pockets meet up the second Wednesday of every month and a pints and properties meetup the last Thursday of every month.  If you have any interest I can add you to the email list to get a heads up on the those events.  Outside of that feel free to reach out and ask if you need anything.

Best,

John,

Not a CPA so double check but UBIT is typically only charged when you use leverage on an investment.  Example is you use your tax advantage account to put the down payment at 20% and take possession of the asset, you would be exposed to UBIT tax on 80% of all gains (the leveraged part).

I am reading between the lines but you are lending someone else money as debt, you should be good you are not using leverage if its a straight debt deal.  If you are lending yourself money this might be disqualified action as you are taking benefit. As always im not a CPA so check with them (you might have as its a year old haha)

Best,

@Jennifer Sovia Raleigh is a great place to invest and is one of the hottest markets.  Raleigh however, is not a buy anything and make money place though. I don't know of any market that is that way so you will have to do some research so if that is moderate or advanced then I would agree with you.  Raleigh has grown a lot in the last few years and had better than average growth even before the shutdowns.  Most people agree that the growth will continue as more people, jobs, and companies move in every day.  Apple, Facebook, Microsoft and many other companies are moving in and giving people a lot of hope for the future. While prices are high, people out west and northeast still are surprised at how affordable the area still is. Like most things its relative. There are plenty of areas that you can find homes that need repair.  Really the further out you go the more you will find.  Areas south and south east (Zipcode 27610) of Raleigh have the most left to run but also the least desirable followed by east (Knightdale, Wendell, Zebulon) and north east (Millbrook, and capital area). Areas like Fuquay, Holly Springs, Apex, Garner Clayton are all good areas too but are seeing much more new builds but you will still find properties that need rehabbed. Raleigh is really an appreciation play, especially now that the prices have gone up so I would make sure that aligns with your goals.  If you want cashflow the secondary markets outside of raleigh are where you want to look.  

Hope this helps.

Hey Matthew, send me an email to [email protected] and ill get you on the list for all future events.

Just bought a couple properties and are looking to turn some units to get rent ready. We have a punch list for turning a unit. We have 4 total but starting with easiest. Any leads would be much appreciated and happy to connect with any investors in the area.

@Joseph Savant I would just echo the replies you have received.  I would follow your plan and your investment goals.  If your goals right now are single family homes I would continue down that path.  I love the quote you marry the price but only date the rate.  I would not worry about rates as one of two things will happen.  Rates continue to go up and you got the best rate you will ever get OR rates fall and your refi. 

It sounds like you are into long term rentals. If you are worried about values, I would say that should take a back seat to the rest of your metrics.   I would just focus cashflow or the 1% rule or what ever metric you use, are more important than speculating on the value of properties in the next few years.

With inflation continuing I cant think of a better spot for my cash than in leveraged real estate that produces income.  

Just my two cents.

Best,

My handyman just stepped away for medical reasons right in the middle of a turn.  All my properties are within a couple miles of downtown Indy.  Any suggestions or referrals is much appreciated. 

Shocker but ill be there! New spot for everyone, its in Cary at Fortnight Brewing not in Downtown Raleigh at TR.  

@Shane Lafleur and @Mark Farrington are two great investor agents.

Last and Least,lol