Johnathon Thompson
Top 5 considerations for newbie out of state investors
18 June 2024 | 8 replies
@Johnathon Thompson you need to build a trustworthy local team, which is NOT as easy you everyone thinks.As soon as many PMC's, agents, contractors, etc. hear an owner is OOS, they take the path of least resistance (at best) or look to scam the owner.So, an owner must ask a LOT of questions and do their due diligence and even if they find someone, apply "trust, but verify":)
Jack Miller
Good tax returns but no job while in grad school
18 June 2024 | 9 replies
DSCR is your best bet.
Collin Hays
Smokies "hiney showing" thread
22 June 2024 | 129 replies
I think it’s a long road.I’d just be willing to bet handsomely that occupancy is a huge challenge, revPAR suffers, and asset values fall in many STR markets over the next few years, and fear that the Smokies may have among the highest risk.
Mike A.
Deal analysis - White Plains
19 June 2024 | 17 replies
If you want 10% returns you might have to look in another market, but if you want to park some money in a solid property, as long as it generates enough to break even after all expenses, taxes, etc. to allow you to hold on to it for 5-10 years I'd bet it will do better in the long run than a 10% cash flow property in a lower end market.
Jared Schott
Seller Financing possibilities for phoenix AZ
18 June 2024 | 7 replies
Most homes for sale on the MLS are not looking to go with seller financing, in my experience usually you get those types of offers from the seller looking for buyers that want seller financing which is few and far between.I think your best bet here could be to offer sub2 but even that is a far stretch.
Alejandro Monroy Reyes
Looking to invest in real state in Houston suburbs (Katy, Sugar Land)
18 June 2024 | 9 replies
Even up 1464 or Hwy 6 - it's cheap, but I wouldn't make a bet on those areas and school districts.
Fawaz Sabha
Mexico, where in mexico to start investing in realstate
19 June 2024 | 6 replies
Mind you, there are signs but you can bet people in the know aren't going to share it and create a competition for themselves so you'll generally be on your own on this one.9.
Nicholas Petrozzi
What Type of Investment Property Should I Buy
18 June 2024 | 11 replies
As someone else mentioned I think that Househacking a multi family is your best bet and the recommendation I give to everyone looking to get started or even someone looking to buy their first home.House hack is the easiest barrier to entry becasue your cost for downpayment can be as little as 3.5% FHA or 5% conventional, and you usually get the best rates as a primary residence borrower.
Lashawn McCauley
NYC Program that pays 1 full year of rent
17 June 2024 | 27 replies
They are not trustworthy and do not care about consequences.
Hoshang Hafizi
First time multi-unit buyer needs advice
17 June 2024 | 7 replies
Your best bet is to talk with the zoning department and let them know the situation.