All Forum Posts by: Obed Calixte

Have you searched your county site to identify those that have bought land in your area the past few years and then contacted them?

Find and attend your local REI groups.

To connect with investors you will have to move beyond just digital - you will have to connect as much as possible on the phone and face-to-face.

The neighborhood specialist sounds to be the better fit. At the end of the day, the list price is your decision. If you believe that 550 is a tad too high, you can have the agent list it lower. 

It will help. Now, don't let having a property manager keep you from learning the ins and out of managing a property. You also will still need to manage your property manager  - ie, stay on top of expenses, ensuring your property is being managed effectively etc. 

Those are much easier to do than having to deal with a difficult tenant daily however.

Some people have the personality, processes and systems & time to self manage, some do not. It is good to know which camp you are in. 

It sounds like a prudent choice to bring in a property manager. Assuming they are professional and skilled in the craft - alot of the issues you have faced, they will remediate and mitigate moving forward. That will help you garner a better picture on if holding this property longer is a fit for you. 

There are a few options

(1)You can get connected with the larger wholesaler firms in the area (2) go through PCPAO site and skiptrace the buyers of similar properties as yours, (3) hunt down the agents involved in the sale of properties similar to yours or go to local REI meetings and pitch it to the investors there.

Solely on price, there are areas that can be fits

Tampa: south of Gandy - South Tampa, Suphur Springs, near University, 

St Pete: Childs Park & surrounding areas, Gulfport, South St Pete, Euclid Heights and areas west of 275

Largo 

You only provided price, which is a small part of buy box. I recommend spending time (if you havent already) considering the type of property, rehab required, exit strategy and level of involvement in management  - amongst other factors.

What is your buy box?  

Respect! 

I'm not familiar with Cincy but it sounds like you have a good foundation in place. I'm sure you'll find strong connections on/through this forum.

It's a range and depends on the property type, location, end condition and rental strategy. 

For quick math I have a range of each between: 700/yr to 3% of gross income

For C to B

-Larger developments announced nearby

-Increased activity in new construction

-Building of commercial retail in or near the neighborhood.  (Starbucks / yoga studio / craft brewery /boutique cookie,coffe or ice cream shop  are the easiest targets)

-Activation of dormant retail sites

-Increased foot traffic 

For B to A
Above also apply

-Home valuations (are homes in the increasing at rates above nearby or similar neighborhoods)

-Is it walkable or are projects in place to make it highly walkable for residents

-Is it near highly desirable activity centers 

-is it unique (for example - Can it get historic designation)