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All Forum Posts by: Sohail Rezaie

Sohail Rezaie has started 3 posts and replied 10 times.

Market Trends & Data

Post: Finding a hot rental market

Sohail RezaiePosted
  • Posts 10
  • Votes 8
Quote from @Matt Speer:

I think it's important to look at them from a high level first. Here's some key data on the average rent, days on market and percentage of listings that are seeing a rent decrease. Hopefully this helps you make a decision! 

Thank you Matt! This is super helpful.
1 Vote
Las Vegas, Nevada
Market Trends & Data

Post: Finding a hot rental market

Sohail RezaiePosted
  • Posts 10
  • Votes 8
Quote from @Alex Evans:

Hey @Sohail Rezaie

The Memphis market is a place where you can find a great deal of value. 

Memphis is also a pretty hot rental market as well with over 50% of people in Memphis being a renter. 

I would love to discuss Memphis and the opportunities that are available here! 

Thank you Alex.Messaging you
0 Votes
Las Vegas, Nevada
Market Trends & Data

Post: Finding a hot rental market

Sohail RezaiePosted
  • Posts 10
  • Votes 8

Hello all! 

I am from Las Vegas and buying deals and brrrr them is kinda hard here due to prices high and rents lower. I am not sure what other markets to invest in. I have been looking into OKC, DFW area and Memphis. My budget is not more than 200k. Any other markets do you all suggest?

Thank you

5 Votes
Las Vegas, Nevada
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Post: Determining if it is a good BRRRR deal long distance

Sohail RezaiePosted
  • Posts 10
  • Votes 8

@Eudith Vacio Thank you for your input, those are great idea to network and get to know your team.

0 Votes
Las Vegas, Nevada
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Post: Determining if it is a good BRRRR deal long distance

Sohail RezaiePosted
  • Posts 10
  • Votes 8

@Jonathan Klemm Thank you Jonathan. I am saving your information for Chicago.

1 Vote
Las Vegas, Nevada
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Post: Determining if it is a good BRRRR deal long distance

Sohail RezaiePosted
  • Posts 10
  • Votes 8

@Crystal Smith Thank you so much. I will look into REI Black Book

0 Votes
Las Vegas, Nevada
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Post: Determining if it is a good BRRRR deal long distance

Sohail RezaiePosted
  • Posts 10
  • Votes 8

@Juan V Lopez Thank you so much, I am now inspired by you for doing so many deals outside of your state. I will keep all these things in mind.

0 Votes
Las Vegas, Nevada
Las Vegas, Nevada
Starting Out

Post: Determining if it is a good BRRRR deal long distance

Sohail RezaiePosted
  • Posts 10
  • Votes 8

Hello! New investor here from Las Vegas, currently has done 1 flip and 1 under contract rehab being done in my local market.

I have connected and networked with out of state Realtors (Texas/OKC) to send me BRRRR or fix n flip deals and I have received some deals. My question is how do we determine and analyze the deal properly and know if it is a good deal or atleast 70% of ARV if it is outside of our market where we have no knowledge of that market? I can analyze it in my own market with no problem in MLS and I have tried Zillow to run some comps. Anyone has any other way to run some ARV's other than going with what realtors and wholesalers tell you?

Thank you

0 Votes
Las Vegas, Nevada
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Post: Determining if it is a good BRRRR deal long distance

Sohail RezaiePosted
  • Posts 10
  • Votes 8

Hello! New investor here from Las Vegas, currently has done 1 flip and 1 under contract rehab being done in my local market. 

I have connected and networked with out of state Realtors (Texas/OKC) to send me BRRRR or fix n flip deals and I have received some deals. My question is how do we determine and analyze the deal properly and know if it is a good deal or atleast 70% of ARV if it is outside of our market where we have no knowledge of that market? I can analyze it in my own market with no problem in MLS and I have tried Zillow to run some comps. Anyone has any other way to run some ARV's other than going with what realtors and wholesalers tell you?

Thank you

1 Vote
Las Vegas, Nevada