All Forum Posts by: Pat Dansdill

Which companies would you recommend reaching out to?

This is great stuff @Jared Trindade, thanks for sharing! 

I moved to Asheville almost two years ago and it certainly has it's own characteristics...maybe Top 10?

I'm a teacher and some of my students are from Fayetteville, which I've looked into recently. Is that market somewhat similar to Jacksonville?

 Being a newer investor I would take $200 minimum per month, after all expenses are accounted for. 

Realtors can help you with appreciating markets, but some research can as well. Population growth will help a lot with determining an appreciating market. "Are there more people moving here each year?"

I agree with @Eliott Elias regarding the down payment (or less if possible) as well as the 40 year amortization to help decrease the monthly amount. I personally wouldn't include a 5 year balloon to keep my options open, as mentioned above by @Andrew Kiel. I would include not having a pre-payment penalty if I decided to refinance and pay it off in a balloon style payment sometime down the line. 

@Alicia Marks

Great question!

I would tell myself to buy a house hack straight out of college, (or during) and live with friends. However - buy it turn key or close to. No major renovations on my first deal, small value add (paint, countertops, cosmetic) if any.

I agree with the above. I also think asking about how to create deal flow is of course and important conversation to have with someone who is where you would like to be. It's helpful when talking with a mention to have specific questions to guide the conversation, however I like the above mentioned question - another way to ask it could be, "What would you be doing if you could go back in time to when you first started out?"

It would also be helpful to know how they spend their days within real estate. A question such as "What does your daily routine look like?" might be helpful. Although if they don't spend too much time in real estate it might not be too relevant. 

@Moses Carrillo

I agree with much of what has been said. Find a good investor friendly agent and contractor (unless you have that experience doing the work). If you're comfortable with more than a SFH, do it. Value add house hack. It's usually the best way to get started in my opinion.

I’m not sure where you live, but people are generally moving south and west. If you live there, even more reason to house hack.

I hope this helps add conviction to this strategy.

Congrats Kyle - well done!

@Ronnie Gentry

Thanks Ronnie - where is it held at?

@Melanie Hoffman

Thanks Melanie - I definitely will, we’re just getting settled in Asheville but I hear Maggie Valley is a beautiful place to be.