Investment Info:Single-family residence buy & hold investment.

My name is Omar Santander a new investor that is interested in residential units (single-family and multifamily, with a particular emphasis on multiunit), house hacking, long-distance investing, BRRRR and mid/long-term rentals.

I'd be looking at multiple structures. we try to build below the average new build cost in our market in Columbus Ohio which is 515,000 last year and we target land 40-50k and urban core adjacent where we get higher price per square foot. we build for clients with margin around $190 a sq ft depending on multi or single. we can get that down in our triplex it's a little higher on our single family homes because of garages and limited economies of scale. hope that helps. idk Philly but if you show me the area and styles of homes I can give you some more insights. 

My real estate agent thinks I'll only get 1.1 million for my home but due to a few factors I think it should be more. 1. They are set to change the zoning in my area, allowing ADU's and other construction. I don't thi...

Here’s a breakdown of some top areas:Cash Flow-Friendly NeighborhoodsWest Charlotte: Known for affordability and strong rental yields, West Charlotte offers opportunities in single-family and small multi-family properties.Gastonia: Just outside of Charlotte, Gastonia is a great spot for investors seeking cash flow.

It would be helpful to me at this time, to have about $25K in working capital for work on one of my multi-family properties.

Back when I was in finance, we had a broker who was charging a family 2% for management fees on their cash that was only making 0.3% at the time.

Even if you do find such a deal, getting it to cash flow after repairs and a cash-out refinance is extremely difficult, especially for single-family homes.

You can get solid cash-flowing single families in the 90-120k price range and duplexes in the 130-180k price range.

My suggestion if your goal is to free up some equity to use for another purchase - start small with the single family home with a cash out refinance.