Harish Pasupuleti
New Investor Seeking Guidance on Out-of-State Properties
19 September 2024 | 29 replies
.- Strong Rental Market: The city has a robust rental market due to a diverse population, including students, young professionals, and families.
Caleb Raymaker
Bay City, MI: Hidden Gem for Real Estate Investors? Let's Crunch the Numbers!
12 September 2024 | 6 replies
Impressive Rent-to-Price Ratios: Average rents for 3-bed homes are about $800-$900/month, potentially yielding 12-15% gross returns.Economic Transition: While historically industrial, Bay City is diversifying into healthcare, education, and service sectors.Revitalization Efforts: Downtown redevelopment and community initiatives are breathing new life into the city.Strong Cash Flow Potential: Low property taxes and insurance costs contribute to robust monthly cash flows.Let's crunch some numbers on a hypothetical deal:Purchase Price: $75,000Down Payment (20%): $15,000Mortgage (4.5% interest, 30-year fixed): $304/monthProperty Tax: $100/monthInsurance: $60/monthEstimated Repairs/CapEx: $100/monthProperty Management (10%): $85/monthTotal Monthly Expenses: $649Potential Rent: $850/monthEstimated Monthly Cash Flow: $201Cash-on-Cash Return: About 16.08% (not including appreciation or tax benefits)These are rough estimates, and individual properties will vary.
Joseph Lawrence
Shelby, NC for Investment Property
10 September 2024 | 1 reply
.- Property Management: With companies like Champion Investments managing a large portfolio of properties in the area, there seems to be a robust infrastructure for property management, which could be beneficial for out-of-town investors.- Market Knowledge: Local real estate companies like RE/MAX Select, with their 18 full-time agents, indicate a strong local real estate community that could provide valuable market insights.In conclusion, Shelby's real estate market shows potential for investment, particularly given its price growth and strategic location.
Noelle Mastelotto
Moving to a New (Midwest) Market
12 September 2024 | 23 replies
Grand Rapids is a pretty robust market currently.
Gavin Doyle
Rent Redi Subscription
4 September 2024 | 5 replies
I may even drop BP and use that money to justify a more robust app.
Nancy G.
Closest STR market to NYC
4 September 2024 | 9 replies
STR's aren't impossible here, but depending on the area, you'll find them to be extremely seasonal.Other strategies that have worked for me and my clients is the MTR route, there's a robust hospital system in both NYC & LI that is always hiring contracted nurses for 3-6 months contracts.
Kyle Collette
Matt Motil Cleveland Private Money
6 September 2024 | 39 replies
Market in Cleveland is pretty robust but if this guy is just going to Ghost you your probably a good year or more away from getting your collateral back If its abandoned as the lender you have the right to secure it..
Jason Hanson
Getting started with property managing
3 September 2024 | 17 replies
At 7 doors it's not necessary, but of course software can save you time, especially if you grow.If you plan to scale beyond your current size, I would echo other folks above that you should look into one of these more robust software solutions sooner than later (re: Buildium, AppFolio, RentVine, etc.)
James Lucenti
Attention Investors. It's Time To Check Out The Syrac US E Market
31 August 2024 | 5 replies
The overall real estate market in Onondaga County appears robust, with increasing property values and a preference for multi-family housing.