All Forum Posts by: Sarp Ka

I was justifying why your article doesn't really answer my question here. I'm not too sure if you're suggesting me to spend more money so that I can buy in those areas?

I am also not really replying people with excuses. The ones who I am not replying I will be researching that first. In fact I found majority of answers here very useful. I'll be looking more in to mid-western markets and seeing what are the neighbors that I can invest. 

I have read that but unfortunately they don't match with my initial post. That's why I created this thread.

Just to remind you two things that I am looking for:

1.  I don't really have any set budget, I don't have a lot of money for buying "as-is" properties that cannot get a conventional loan. I can afford up to 100-150k downpayment + rehab costs.

2. I would be into areas where the crime is not high, population has stable and mid-class income. B class neighbors and tenant pool is what I am after.

Cities like Raleigh, you cannot do this with that much amount of money; so it doesn't satisfy the 1st condition. Cities like Atlanta, if 1st condition is met; 2nd condition does not satisfy (or at least I couldn't find any from my search)

I thought maybe market has completely changed in the 2nd half of the year. That's why I am revising where to look for.

I've looked into that but if I am not getting 1031 tax benefit; then I don't really see the point of doing that vs just buying VTI or QYLD stock (or maybe some REIT stock)

 I was hoping not to actually fly there and find people to do the rehab/repairs and a good property manager.

 Yeah I also would be interested in a market where it would be easy to find contacts that would likely to help out out of state investors. If I reach out to individual realtors; it's often too hard to be on the same page as they've only dealt with local people buying it.

Also where is Sunbelt? (At least the state name would be helpful here)

Hello there,

I am looking for area suggestions for 2021 second half.

I would be into areas where the crime is not high, population has stable and mid-class income. B class neighbors and tenant pool is what I am after.

Before you start telling me "look at your back yard" I live in San Francisco Bay area, where the back yard here costs $1M SFH for $3000/mo rental revenue, where the tenant can choose to not pay for one whole year and you still cannot evict them. Same deal with MF, where they cost $1.5M and rent is not any higher than $5k. Eventually this is pushing me towards out-of state investing.

Also I am not really looking for places that has already sky-rocketed like Austin, TX.

I don't really have any set budget, I don't have a lot of money for buying "as-is" properties that cannot get a conventional loan. I can afford up to 100-150k downpayment + rehab costs.

I would really appreciate any comment.

are those 0.7% rent ready properties sold at 150k or below?

Also what do you mean by rent ready here? I don't mind paying 5-10k for rehab and wondering if those listed ones are like that? Also some of those properties listed less than 10 days ago.

Hello all,

i have seen few threads here mentioning it's too hard to have cash flow positive properties.

i am looking at listings on Zillow and there are bunch of $100-150k 3 bedroom properties. According to zillow rent estimate they should rent out at 1-1.3k.

Some of them are already rented out. I am wondering if I missed something here with regarding to San Antonio not having cash flow positive properties. Is there something seriously wrong with those properties?

 OK that's good to know; I think I need to be on the safe side here and not take any other loan; or start application.

I see thanks.

in that case as soon as the first lender closes the first property, I can get the second one without having to report it?

i am worried about the higher interest rate since the first loan will lower my credit score.