All Forum Posts by: Simon Ashbaugh

Are you self-managing? Otherwise, expect to pay between 8%-10% for PM depending on your market.

 Definitely read the article Patrick linked. I recommend starting with the agent, as a good investor-friendly agent should be able to provide you with the other three. As for markets, take a look at Cleveland OH, it cashflows very well and is really affordable.

I spent 10 years in remodeling, the latter half of that doing buy-hold rehabs. Many of those were in those areas and I never had issues. One guy left his nail gun in the alley and it walked off, but I've seen that happen in A-B neighborhoods too. I've never feared for my safety though.

The one percent rule is just a quick metric to estimate a property, and I find, in most markets, it's a little better suited for MF. Generally, you will pay around $7 per thousand dollars borrowed. This may be an easier metric to judge a SF property.

Interest rates are expected to fall again middle of next year, maybe run a set of numbers with that factored in. MBA is forecasting mortgage rates to end 2023 at around 5.4%. Something to consider.

Why pull the full 800k out? why not only pull what you need for a down payment or two in a high cashflowing market like Cleveland Oh?

 If you want cashflow, look at Cleveland Oh. Low entry price, high cashflow, 400k could go a long way. 

 With a hold period of 5-7 years, you should look into Columbus Oh. With Intell coming and our rate of appreciation, I think that's a good sweet spot for this market.

Congrats on the deal!

A true rockstar realtor should be able to give you contact info of the others, id start there!