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All Forum Posts by: Nathan Cross

Nathan Cross has started 27 posts and replied 130 times.

Post: Ready to buy a Rental!

Nathan Cross
Property Manager
Posted
  • Investor
  • Saint Louis, MO
  • Posts 146
  • Votes 64

Good stuff, so now that you know what you want no you just got to get out there and start pounding the pavement to find those deals! Not sure how competitive your market is, but either way just tell anyone and everyone what you are looking to buy as far as an investment property. You will never know where your next deal will come from! Good luck on your search and hope that you find that deal soon. And remember Real Estate Investing is a full contact sport. 

Post: Ready to buy a Rental!

Nathan Cross
Property Manager
Posted
  • Investor
  • Saint Louis, MO
  • Posts 146
  • Votes 64

Great to see that you are getting ready to jump in after some hands on with another investor. I would have to ask you what are your over all goal is with your future rental properties? Are you looking streakily for cash flow or appreciation? I ask this just to see if you gave it though about long game, as if you buy into C type areas in order to build passive income and get some reps in on your own rentals, before 1031 exchanging into bigger properties?  

Post: 1% rentals in Military towns

Nathan Cross
Property Manager
Posted
  • Investor
  • Saint Louis, MO
  • Posts 146
  • Votes 64

I have wholesaled some deals in the Fayetteville NC market, where they are getting their 1% returns. Now these buyers are buying cash and using the BRRRR method, and I am finding these deals off market. Not saying you can not find anything on the MLS that will get you that 1% and high COC.

But back to your main questions.. Military towns have seem to do well, now they are by no means bullet proof. So you have to take care of your investments in order to reap the rewards. Investing out of state requires you to have a good team on the ground that you trust to ensure your investment is working as an investment should. Real estate market in Fayetteville is very hot, even during COVID19 so take that for what it is worth. 

Hope this helps you in some way.

Post: Hold vs. Flip - which way to go if either will work

Nathan Cross
Property Manager
Posted
  • Investor
  • Saint Louis, MO
  • Posts 146
  • Votes 64
Originally posted by @Account Closed:

Hi All,
I'm mostly a BRRRR investor but I'm in an interesting scenario where a few investments I recently acquired can be either good Holds or good Flips.

I'm close to the point to select my finishes and was trying to decide which way I should go. Are there any good rules of thumb as to which way to go if either Hold or Flip will work? For example, I heard that if a flip gets you 5 year's worth of rent, then you should flip. Is that a thing? What am I missing?

TIA!

It would depend on what your over all plan is. I say that, because I have been flipping to have the quick cash to reinvest into other assets. Always have an exit strategy for the property before you buy it. I say that, because if you decide to flip the home in the middle of the rehab but you planned on making it a rental, you may not get top tier price for it. There is a difference on materials and finishes between a flip and a buy and hold property. Hope this helps you some. 

Post: Saint Louis RE Meet ups

Nathan Cross
Property Manager
Posted
  • Investor
  • Saint Louis, MO
  • Posts 146
  • Votes 64

@Megan Greathouse thank you very much!

Post: Saint Louis RE Meet ups

Nathan Cross
Property Manager
Posted
  • Investor
  • Saint Louis, MO
  • Posts 146
  • Votes 64

@Megan Greathouse

Yes please add me that would be great! Will be heading that way beginning of June to check out some job sites and some

Office space.

Post: Saint Louis RE Meet ups

Nathan Cross
Property Manager
Posted
  • Investor
  • Saint Louis, MO
  • Posts 146
  • Votes 64
Originally posted by @Peter MacKercher:

Most are not having meeting due to covid 19. The 2 I attend are below. 

Mine is dinner with a mentor (a BP meet up its on meetup as well) 2nd wed of the month the other is last thursday of the month St. Louis REI Happy Hour (BP Meetup) Both get posted to the events page here on BP.

Thanks Peter, I think I have seen REI Happy Hour shared by someone else on my social media that is located there in STL. Thanks I will I make a note of the BP meet up tab and check this periodically. I sure hope that meet ups will start getting back to a "normal" occurrence soon. Have you gotten any word when that will be starting back in the area? Thanks for the information in advance!

Post: Saint Louis RE Meet ups

Nathan Cross
Property Manager
Posted
  • Investor
  • Saint Louis, MO
  • Posts 146
  • Votes 64
Originally posted by @Geoff Perkins:

@Nathan Cross there is a group called Southside Investment Club on Meetup. It seems pretty big. I haven't attended one of their virtual meeting.

Thank you, I will check that out as well.  

Post: Saint Louis RE Meet ups

Nathan Cross
Property Manager
Posted
  • Investor
  • Saint Louis, MO
  • Posts 146
  • Votes 64

Thank you, I will check them out. 

Post: Saint Louis RE Meet ups

Nathan Cross
Property Manager
Posted
  • Investor
  • Saint Louis, MO
  • Posts 146
  • Votes 64

Hi, looking to find out what RE meet ups are going on in the Saint Louis area. I will be moving to the area this summer and would like to connect and meet with other people involved/working in the space of Real Estate. Thank you in advance for any and all replies and connections!