All Forum Posts by: Tommy Adeoye

@Shadonna N. I am thinking the same thing. I foresee FL, TX and TN growing exponentially , like you mentioned a lot of company will be thinking uhm capex savings and simultaneously a lot of employees mostly transplants may equally think - lets put money in our pocket. This is pure speculation but I'm excited to see where the RE industry is headed post-covid.

I have been following closely the real estate market in the NoVA area and I must admittedly say the value seems ridiculously overpriced IMHO. I understand the law of demand and supply. I also grasp the whole market proximity with the DC area. I guess I could also say they run a recession proof economy with the vast list of government contractors out there. That evil voice  in my head keeps saying - "the worst is yet to come". sometimes I don' trust it.

Two parts question- 1.) What's that market going to  look like in 5 - 10years ? 2.) how possible would it be to find a multi family home within a 30 mile radius?
 

@Lynette E . Thanks for the reply.. I am grateful and lucky to be one of the few who survived the COVID-19 , I believe if i wanted a gig in the midwest or south , I wont have much of a problem finding one.

@Twana Rasoul Will do . Im certain they are a few out here who understand what I’m looking for . In the mean time I’ll sparring with the rental analysis tools, I just need to make enough mistakes to be able to get it right .

@Twana Rasoul  Thanks. After an intense homework, I am certain house hack is a foundational start for me. I am sharpening my axe and at the same time consistently looking and analyzing deals every chance I get. This deals are hard to come by. Well, If it were easy every one will be in real estate, right? I will be networking with a few here seeking guidance.

I may not be the best person to answer this question but i can offer my .20c . Get a co-signer - Mom, Pop, Brother, Friend(yes,I spent 5 years as a loan officer and I've seen many friends co-signed) . 

Alternatively, check the network section for Investors to whole sale to. 

A brute-force way - come up with a killer marketing pitch, collect Real Estate Investor leads and cold call as many as you can - I wonder what the conversion rate will be for 50-100 calls/day , Majority of them are isolated anyway and want to kill time. Ultimately, If I were you with a deal like that, I will schedule an appointment and if you act like someone who is going own that property, You never know - "The gods of attraction" may just be in your favor.

I spent about 5 hours looking for properties on rental.com, zillow and redfin, My niche is multifamily and I have decided to kick off with house hack. I looked up the midwest - Kansas city, MO, St. Louis MO, Nashville, TN and went as far as Austin, TX. The rental calculator on BP keeps giving me a negative coc %. I'm either calculating incorrectly or I have to dig deep to find them. I am thinking about investing in direct mailing but I'm too green to handle those. Any Ideas?