All Forum Posts by: Ryan Koehler

@Stacey Parker-Herman Hi Stacey. Northern Virginia is a very strong real estate market and has only gotten stronger in recent weeks with the Amazon HQ announcement. Prices in the area are very high and make cash flow numbers on an investment difficult to maneuver. While cash flow is generally less in “Nova”, it’s a market that is one of the most recession proof in the country because of the number of quality jobs in the area. Appreciation is historically strong here.

2 Votes

Originally posted by @Justin Tahilramani:

@Ryan Koehler - What facts are you basing your opinion on? It sounds to me like you don't know the Fayetteville market as well as you think you do.

Hi Justin. No, I don't know the ins and outs of Fayetteville from a neighborhood to neighborhood perspective. This is simply my high-level opinion as someone that works in the multifamily mortgage banking/lending space that does a lot of business with the GSEs and large National Banks in North Carolina. Generally Fayetteville is regarded as one of the least desirable markets in the South East from a lending perspective so our underwriting is more conservative here. Doesn't mean it's not a good investing market!

0 Votes

Originally posted by @Zachary Trigger:

@Trevor Cox I'm also looking into college rentals, but in the state of MD not OH. The market I think you are looking in is similar to mine it terms of price point 60-80K for a 3-5 bed 1-2 bath house. I'm assuming you are also new to real estate investing and we may share some of the same questions. I have been searching the BP forums and have listened to sever BP podcast on the subject and the following is what I have deduced that may help. From what I have read almost everyone has the parents of undergrads sign on the lease, along with each student that will be living in the house. @Mark Trebor is the first post I have seen that only has the students sigh on the lease, his thought process make sense to me. My only thought on the idea of having only students sign is, what legal recourse would one have agents students when they probably have not finances? Meaning if they damaged the property beyond what the depots would cover and you took them to court and won, they still may not be able to pay. If Mark has anymore insight I would defiantly be interested.

Treveor what is the rent structure in the area you are looking? For my area rent is paid by semester not by the month, so most of the time during summer months houses are not rented. How do you plan on managing the property? I live about 3 hours from the area that I'm looking so property management is most likely will be the way I go. The only issue that I'm having with PM is that all of them in the are seem to be poorly run.

If you are looking for more information on college rentals I would suggest doing a search of BP, you will find several forums and other information on the topic. If you have not already.

Zachary - I'm curious...what student rental market are you in in Maryland?

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Fayetteville can be a good cash flow market but is challenging if you don't know the area well. Lenders are typically more conservative here than in 90% of SE markets because of the combination of a low-income tenant base with minimal, quality jobs and the high military concentration in the sub-market.

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Value growth in Northern Virginia has been consistently strong since the recession and has only picked up the pace with Amazon's HQ2 selection for the area. It's difficult to find MLS listings near Arlington or Alexandria that don't mention being "close to the new Amazon Headquarters" in its write-up.

In Baltimore I'm beginning to see a stagnation in prices with most properties sitting online for 30-60+ days.

1 Vote

Originally posted by @M Marie M.:

I'm in Pigtown and I'm not familiar with Remington.

To me, it's which part of Pigtown are we talking about? I see Cross street as a dividing line. The areas west of Cross are a little .... idk. I haven't really seen my target renter population west of Cross, my target being Med School people.

Unfortunately, my rental has been more of a tax write off this year because of some poor construction chickens coming to roost. So watch out when it comes to rehabs.

Great point on Cross Street being the dividing line in Pigtown. I was driving the neighborhood this morning and came away with the same conclusion. I think the planned redevelopment for the Stadium area and Hollins Market will be positive for the neighborhood, but we are still years away. Great place for cash flow if you're willing to acknowledge that you may be unable to exit the investment for any premium.

2 Votes

Baltimore, Maryland

I've always enjoyed the content on https://www.southbmore.com/

Great information and up-to-date news on business and real estate in the Downtown / South Baltimore areas.

3 Votes

Baltimore, Maryland

All Forum Posts by: Ryan Koehler

Ryan Koehler has started 5 posts and replied 110 times.

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Post: Remington vs. Pigtown for rentals

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