All Forum Posts by: Patrick Thompson

I have a unique opportunity to buy an investment property in Starkville from a family member. I went to school at Mississippi State, but I'm out of the loop on the area in terms of rental property. I would like to talk to learn from anyone familiar with Starkville. Thanks, Bo

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Nice to see some MS investors! I am in the process of my first BRRRR in the Avenues area of Hattiesburg, and will be closing on a Duplex in Starkville in a couple weeks.

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@Lance McGee i am. Have recommendations?

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@Rafael Feliciano hey man, I’m currently buying in Hattiesburg. Do you have any contractor recommendations?

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Price: $127,500, no closing costs

Down payment: $25,500 (20%) at 4.25% for 30 years

Rent: $1200 with Tenant's already in place

Property taxes: $125/mo

Insurance: $100/mo

What other expenses am I missing? I am running Cap Ex at 5%, and Maintenance at $75/mo

House doesn't need anything major currently, but the plan is to renovate in 2 years, and then Refi.

Thanks!

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@Robert Murphy can you send me the article too? I'm looking at a property rated 10/10 FEMA flood zone. Don't know if I should continue moving forward or back out

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All Forum Posts by: Patrick Thompson

Patrick Thompson has started 1 posts and replied 6 times.

Post: Investing in Starkville, MS

Post: 3rd Investment Property - Mississippi

Post: Contractors in/near Hattiesburg

Post: Hattiesburg Mississippi Investors

Post: Deal analysis on my first offer

Post: Flood Zone Property?