All Forum Posts by: Stephen Rodrigues

Yep 10% net caps are still attainable on cash purchases. ALL my personals are always 20% net caps. I just picked up a 7 unit, that will about 20% net cap,

All the best

I’d be interested in chatting. I would not be a cash purchase. Trying to make a move before the end of the summer.

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Quote from @Joel Case:

Quote from @Stephen Rodrigues:

Did you use the BP agent finder? I know that a few of the local realtors who are active at the REIA are on here, including myself. The Biloxi market, in my opinion, is a strong market ripe for investing. BP had an interesting article: https://www.biggerpockets.com/...

The barrier to entry may be a little higher than the Ohio market, but having Casinos, the Gulf of Mexico, Keesler Air Force Base, the Seabee base, and Stennis Space Center make this more appealing to me than the other budget markets. I am a bit biased since I live and invest in the area.

Feel free to reach out to me if you have any questions or want to discuss investing in the area, I am always happy to help.

Appreciate the feed back! I’ll reach out directly.

1 Vote

Quote from @Bob Stevens:

Quote from @Stephen Rodrigues:

We sold our SFH rental last year and want to jump back into the rental game.

We live in Massachusetts and entry points are high.

Do what investors from around the world are doing buy rentals in OH

Good luck

Definitely open to other markets! Quick look at Cleveland looks really good.

1 Vote

We sold our SFH rental last year and want to jump back into the rental game.

We live in Massachusetts and entry points are high. With that we’ve been looking out of state.

my wife did a travel contract during Covid, living in Biloxi and working in Gulfport. I was intrigued by the market and it appears you can get into SFH relative cheap. Keesler Air Force base being near by was what peaked my interest, as you'll always have steady renters.

We’d like to do section 8 or military. The idea of buying out of state seems overwhelming. I have reached out to multiple realtors in the area and most have been unresponsive or not very impressive.

How are you all making your connections and building a team outside of your area? Any other tips for doing the out of state thing? Any of you in the Gulfport market?

1 Vote

Two years later and I’m still holding the same property. Luckily the markets continued to drive prices higher.

I was able to recently get the tenants to vacate and I’m currently prepping the property for the market.

Exterior/interior is being painted. Cabinets refinished, granite, new appliances, and some new lighting.

I'm changed strategies and I'm leaning towards the BRRRR method for my next investment.

My focus is primarily Fall River. I really feel that the commuter rail will lift the city back up substantially.

Life has also put me in a place to devote more time to working as an agent and I’m looking to get back into that game.

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@Mark Terry

Yes I’ll have to use a 1031 exchange. I’d like to manage the first property myself to maximize cash flow. My mid range goal is 9-12 units over the next 5 years. Then I’ll look into management.

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First post. Currently employed full time. I hold a MA real estate license have done a limited number of deals.

I currently have a single family home rented. Looking to cash in on the equity and move into the multi family scene.

Looking at 3-4 families in the south eastern Massachusetts and RI area.

Looking to learn and hopefully connect with others in the area.

My goal for the first multi would be to cash flow roughly $1,000 a month. Not sure if it’ll be feasible in today’s market.

Steve

1 Vote

All Forum Posts by: Stephen Rodrigues

Stephen Rodrigues has started 2 posts and replied 7 times.

Post: Out of state investing

Post: Out of state investing

Post: Out of state investing

Post: Out of state investing

Post: Intro new from Massachusetts

Post: Intro new from Massachusetts

Post: Intro new from Massachusetts