All Forum Posts by: Rob Bianco

@Kevin Sobilo I've considered it, but ultimately the bar for entry is far lower in that part of the country than in the North East and cash flow %'s are far higher. I also have pretty good boots on the ground that I trust .

With that said, I'm not personally looking for the homes to flip or BRRRR, but within my pool of people I've come up a bit short and maybe I need to expand on that. It's pretty tough trying to find people who actually know what they're doing or who aren't trying to swindle you for a quick commission... So expanding my circle of people has been tough.

Looking for a bit of advice on how best to deploy my $250k budget. I'm an out of stater investing in Kansas City and I've been working with my boots on the ground to scour the market for potential BRRRR or flip opportunities, but it's hard to find inventory since the market is booming. I'm not really satisfied with picking up 1 SFH every 3-4 months .. seems like I could churn out more if I had the availability.

I've been thinking about buying a lot of land zoned for multi-family and utilizing my capital to just build multiple duplexes. I could build one, sell it (or keep it as a rental), take my gains to build the next one, rinse and repeat, or apply for a construction loan to build them all at once. I'm not sure if this is a realistic goal in today's marketplace, but in my head it sounded a lot nicer than sitting around waiting for the right house to go on sale or go up for auction. 

Would definitely like to know if anyone has done this before or had experience doing something similar.

I'm currently rehabbing a single family home and turning it into a duplex. I paid cash for the property and after completion my investment should give me a 30% return each month. I'm debating whether or not to refinance the property after everything is done and tenants are in place... I'm not entirely sure I understand the reasoning behind refinancing when you could instead keep all the cash each month and not have to worry about a mortgage especially if there's a long vacancy, economic downturn, etc... etc...

I'm hoping someone with experience can shed some light on why refinancing would be something I would want to do. 

Hello,

I currently live on the border of Rego Park and Forest Hills and I'm shopping around for my first home to live in. Currently working with a budget of $600k-$800k for a 3bed / 1-2bath and hopefully 1,200 sqft or more. My main concern is many of the potential properties I've found are scattered through a number of different neighborhoods - some I'm not too familiar with - and I'd hate to buy something that won't appreciate well over the next 8-10 years. 

Does anyone have insight into which neighborhoods will gentrify/grow the best over the next decade or so? I've found some nice options in Forest Hills, but I also found a great property in Elmhurst as of now.

@Carly M. I sent you a message but I'd be open to taking a look at your duplex and potentially making a fair cash offer. In Waldo just depends where the property is and if it really qualifies as the Waldo area. Not to mention, consideration of the age of the property and condition of the foundation. All of these variables may be why your realtor told you it's only worth $200k

A realtor I've worked with mentioned in passing that he'd really like to get me involved in buying land and building multi-family units to rent out or sell and he would project manage and oversee everything. 

I've purchased a few off-market duplex's so far and they're doing OK but it's been difficult to find any opportunities lately since the market is really hot. His advise was that the return on investment to buy land and build from scratch in a B-grade area would far outweigh what's out there currently.

This isn't really my area of expertise. I'm not entirely sure if in Kansas City this would be a good way to invest and if so what kind of budget someone would even need to build something and whether it's worth the time.

Any opinions welcome.

@Mike Lambert Thanks for your response. I'm really intrigued by what you're talking about with Central America, although like any rational investor while I am curious I'm incredibly cautious considering the political, criminal, and economic state of many of those countries. I'd be interested in talking further about it if you had the time.

In regards to Montreal, I definitely understand what you're saying. However, if I worked with someone experienced like @Guillaume D. who hypothetically is very involved locally and was finding deals and had the know-how to flip a profit then theoretically would it even matter if it was Montreal or any other place? 

I'm not particularly interested in rentals as I have boots on the ground in another market where my ROI is 10% cash on cash

@Guillaume D. It would depend on multiple factors. I'm definitely open to learning more about the market to see where/if I can fit in someplace. 

I'm also unsure of the implications of investing into Canada from "abroad" (i.e. higher taxes?)

I'm looking into potentially getting involved in Philadelphia real estate as I try to diversify my investing into different markets. I'm interested mostly in flipping homes (and BRRRR too if the cashflow makes sense) and would love to chat with anyone who has experience doing that in the area.

Thanks

I am exploring potential markets to invest in as I diversify my real estate holdings and I'm curious if it makes any practical sense to look into investing in Canada (specifically Montreal) from the USA? I'm unsure of the tax implications, how the language barrier would affect me, and whether that market is worth diving into.

Montreal is the nearest large Canadian city to me and I have a few friends there as well. I'm mostly interested in either BRRRR or Flips and I likely would buy cash - although I'm also unsure how I would refinance and cash out on a property.

Thanks for any info