All Forum Posts by: Tadeh Vartanian

@Matt Higgins

As someone in the medical field (pharmacist) I can tell you that the coronavirus is a big public health issue but one that I doubt will rattle the global markets permanently. As another case study, the Spanish Flu of 1918 led to 675,000 deaths in the US alone. The stock market then went on to the roaring 20s with amazing growth.

Thank you, everyone, in the BP community for the input. I'll take all this into account and have a clearer picture of where I'll want to go. So far leaning towards NC.

I'll keep you all updated!

Hi everyone,

New investor from California looking into deciding which market to start off in. I've narrowed my search down to Detroit, MI or Greensboro, NC. Two very different markets.

I would love some input from the BP community. My strategy is to buy and hold, targeting small multifamily or possibly single-family homes. Cash flow properties are a must, though I'm okay with lower COC return in exchange for more appreciation, market stability, or other benefits. Here are some factors I've considered already:

- NC is a more landlord-friendly state (source: rentcafe)
- Detroit has a higher population size, around 670,000, whereas Greensboro is around 290,000 (source: US Census)
- Detroit has a lower price/rent ratio (5.35) than Greensboro (15.84) (source: SmartAsset)
- Both have a price range I'm looking for
- NC has more cities to go if I choose to move to another city later on (Charleston, Raleigh).
- Better weather in Greensboro.
- Lower property taxes in NC.

@Paul Hansen

Calculate the Internal Rate of Return, or IRR. That calculation best captures your return with a time factor baked into it. I'd choose a time discount rate of something around 8% in the calculations. What you may see is that your IRR maxes out after a time period and that if the rents really aren't going up that much but home prices are, might be better to sell.

@Ryan Garrison

Maybe a duplex with a large detached garage, then convert the garage to a unit.

@Wes Barnes

Making a business partner satisfied could be better than picking the perfect strategy. Sell it, be happy with your profits, move on to the next deal. And keep your relationship with him/her happy so that if you ever need financing or advice, they can help.

@John D.

I’m planning to use my business checking account with local credit union to establish that business ahead of time. Never know when you’ll want pending help from them.

@Tony Tran

Welcome Tony. I’m an investor here too in Los Angeles. I invest out of state, though. You looking for local properties?