All Forum Posts by: Tony Green

Arbitrage is not RE investing. You should buy property a property so that you can build equity.

@Ke Nan Wang,  appreciate your input.  I guess we will go with a regular real estate attorney.

@Sarah Kensinger, we have a person already lined up to do this. My husband and I interviewed 3 people who were interested and picked this guy, who we felt most comfortable with. He had 2 successful STR properties himself and he seemed to be an upstanding guy. Money is actually not our #1 priority. We want someone we can trust and can have a long term relationship with. Hopefully he is the right one. Sarah, do you have recommendations on somebody else who may be interested in taking on an arbitrage project? We would be happy to talk to that person just to get to know each other, in case something happens with the current guy. Also, if this arbitrage model works, we may buy another property and do it again, which means we will be looking for another partner.

@Matthew Rice I have 3 STRs in Fayetteville. It has been a market that is much better than I was even expecting. Not your typical destination STR market, but for the same fundamentals that it makes a great LTR location, it is SOLID. I get a lot of people traveling for work, and have had a few weeks+ rentals from people traveling to the area. One note that I will make is that, the market has become a bit saturated. It's not the Smokies where every house is a STR, but, investors have been pouring in for years consistently and it has created a larger supply. Biggest piece of advice there would be to simply ensure that you're creating a quality product in whatever you do.

@Christopher Benjamin  Here is a simplified version of my more elaborate yearly cash flow model you can start with. Haven't ever shared it publicly but hey, why not, maybe you or the community will find a way to improve upon it or provide some feedback.  Tax rates are very high level, so you will want to adjust that as you pick a more specific location to model out.  

https://www.dropbox.com/s/xwnw30cmjx32is1/Vacation...

Cheers!

~Jon

Hi @Brandon Mendez

I have significant experience with Airdna's data.  The first thing I would do is call them and request to buy their raw data in excel format (they might even credit you back what you have spent already) for the zip code(s) you need.  I don't buy their standard reports because it's not a deep enough dive for me.  I can send you a sample of the data your receive if you want to PM me.  I have found their data to be very accurate.

Mike

What about using a HELOC to buy a house outright? Any issue with that? I would envision doing a flip or in a hold scenario, refinance into conventional?

@Emily Menker

This is an area that I specialize in. I picked up 3 since September and have more in the pipeline. If you would like to talk about how I do it I’d be happy to share 

Hi everyone! My name is Jesse I'm 21 ambitious and ready to learn. I just moved to holly springs, North Carolina as of yesterday with the family. I have wanted to join this site for a while but never did, I have listen to a couple of Brandon's pod castes and he got me interested in real estate investing. I have money saved up to start and a 752 credit score at the moment. I got pre-qualified at a bank here for a mortgage of $150,000. I'm interested in buying a four plex.