All Forum Posts by: Nick Yates

Hey @Account Closed, I would appreciate the education. The Michigan property is Ferndale 48220 and Jacksonville FL 32246. Let me know how you want to work on this together. Teach a man to fish and feed him for a life time of real rental market research! 

Hi @Toby Mims, All the best to you as well! And please forgive my rudeness. I am actually Australian and living overseas but my wife is from Detroit. So happy Thanksgiving and happy holidays to you! 

We go back to Michigan and Detroit each summer so "we" (my wife) is very knowledgable on areas within the city. I think what you are eluding to is that appreciation could be a factor in buying the more expensive home. But bad tenants eat into that with repair costs that were perhaps avoidable if better screening was in place with better real estate agents. Maybe I am reading too much into it!!!!! Let me know mate. 

 Ok, so I have heard that investors may buy one property for every 100 properties they do research on or "look at"... my wife and I are probably up to 98 by now... but I couldn't put my finger on the "real" rental markets are. There are some setbacks for investors out of area! 

Happy to discuss this further here Stephen! 

Helloooo Bigger Pockets! I hope I am posting my question in the right place. Have done some reading and haven't quite found the answer. I am not sure there is one answer but rather perspectives on this question. 

I have found two properties in two different cities we are looking at investing in: Detroit and Jacksonville. The Detroit property costs $55,000 and the Jacksonville $100,000. Both have very similar monthly cashflows. 

On the surface it would be obvious that I am spending twice as much for the Jacksonville property to get the same monthly cashflow. So my question is, what other factors would investors want to be strong in order to purchase the more expensive property? 

Looking forward to discussing this with you!

Hello and thanks @Shawn Ackerman. I actually found this the other day so I am really glad that other people in the industry also refer to it. 

Thanks @Dawn Brenengen. Being new to investing, these numbers and recommendations are all valuable. 

@Thomas S. Well I think we are thinking of these sorts of scenarios where anywhere is possible and we are thinking about locations seriously. FL and GA seem to be good. Where would you buy to invest?

Thanks @David Kerner. I had assumed that a higher security deposit would be needed but thanks for putting a figure on it. Will let you know. Thanks! 

Thanks @Account Closed. Sorry to hear about your first tennant. Besides the landlord friendly aspect, would you recommend NC over other states? Why? Just interested in getting real people's opinion than just reading websites. Thanks! 

Hi everyone, I am not from North Carolina but many have recommended NC to me for investments, plus one of my ideal holidays has to be to go to the Outer Banks to surf, kiteboard and stand up paddle. 

I have tried searching within Bigger Pockets but haven't seen many comments on whether NC is landlord friendly. I have been doing research and haven't found much difference between NC and other states commonly referred to as landlord friendly states like FL and GA. 

Anyone got some comments or opinions to share? Happy to be referred to other discussion threads if this isn't the right place to post it or it has been posted before.