All Forum Posts by: Ryston Watts

Hi - wondering if there are any NACA experts. I purchased my first home through NACA to actually live in and I'm curious on how to build my RE portfolio from here. I'm currently looking to either buy a turn key multi-family or BRRRR a multi. Any advice would be awesome!!

Hi John - thanks. This is in Philadelphia

Hi Team - 

I hope that everyone is well! Was wondering if anyone had any good recommendations for the following: 

General Contracting 

Interior Designing 

Any info would be incredible! Thanks

Hi Everyone! 

My name is Ryston and I'm looking forward to starting my real estate journey. I've been following BP for a while and looking forward to continued learning from all of the professionals.

Andrew/ Eric - Thanks and really appreciate the insight. 

Andrew - when re-running my numbers last night, that's the exact analysis I was calculating. I guess I was trying to convince myself otherwise. 

Eric - This is why i defaulted here, don't really know where to go and who to talk to. Figured the forum would be a good starting point. 

Thanks both!

Hi Catherine - Thanks for the response! The new construction is pretty nice. Tough to here on the falling % of enrollment due to crime. I don't have a preference but would prefer to rent to longer term tenants. The vacancy piece sounds nerve wrecking. 

In terms of cash flow, given that I'd be living in a unit, I'm not focused on cash flow at the moment until I refinance out and move out of the duplex. 

The no appreciation piece is critical, that doesn't sound promising but this would be a longer term play 5 year occupy, and then full investment rental.

Hello Everyone - 

Thank you for taking the time in advance to assist me with your input and perspective on a potential buy. I'm looking at a newly constructed Duplex near Temple University and it's listed around 600K. The plan is to owner occupy a unit and rent the other unit. I'm looking to break into the RE game and I feel as if this is one of the better ways to do so. My current rent is $2300 at my apartment and I'm assuming the $2300-$2500 liability will be consistent in this property given the Purchase price, interest rate, and including rental income of $2000-$2200 of the other unit. I think that the property will appreciate in the coming years given the developmental phase in North Philly but wanted to get more perspective on if I'm analyzing this correctly. I still need to truly vet the area to make sure I'm comfortable living there and there are still the closing variables that are still open as of now. 

Please let me know if there's additional information needed in order to give input! 

Thank you!