Srikanth Kumar
neighbourhoods to focus in cleveland for multifamilies
27 January 2025 | 27 replies
Examples:44109 (median home price went from roughly 50k to 125k in 8 years)https://www.zillow.com/home-values/77009/cleveland-oh-44109/ 44102 (median home price went from roughly 30k to 120k in 8 years)https://www.zillow.com/home-values/77002/cleveland-oh-44102/ 44106 (median home price went from roughly 100k to 200k in 8 years)https://www.zillow.com/home-values/77006/cleveland-oh-44106/ It has the highest rents on average in all of Ohio for major cities and the median home value is not even in the top 3.
Michael Lynch
HELOC In 3rd Lien Position Question
4 January 2025 | 5 replies
I purchased a home 2.5 years ago utilizing the New York First Homebuyers Club which gives you approximately 8k in grants if you meet certain criteria, which I did.
Cosmo DePinto
BRRRR advice in Phoenix
28 January 2025 | 2 replies
Cosmo - I personally don't know Phoenix well, but if I had to do this in another city I would look at income levels, crime levels, and population growth (if you can) by zip code and/or area within a DMA as a starting point.
Neil Narayan
Report: Austin leads US cities in remote worker share
5 January 2025 | 0 replies
CoworkingMag, a digital magazine focused on coworking, used U.S. Census Bureau data to measure changes in remote work across 109 metro areas between 2014 and 2023. The number of remote workers peaked in 2021, as a res...
Stepan Hedz
Unraveling the Potential of Phoenix's Distressed Property Market
27 January 2025 | 3 replies
Phoenix contains a rare combination of elements that have created an outstanding market for distressed property investments, including the following:Cost Savings: Distressed properties are sold below their market value and enable investors to take hold of properties at a trifle compared to traditionally listed properties.Strong Market Fundamentals: Being among the fastest-growing cities in the country, Phoenix ensures a high demand in housing and rentals, hence good potential for resale or income from rentals.Value Creation Opportunities: Most distressed properties need renovations; thus, such situations present opportunities for investors to increase equity by adding value.Population and Economic Growth: Phoenix remains among those cities in the country which are attracting more and more residents and business; therefore, this presents good, long-term appreciation possibilities of property appreciation and income creation.Challenges to ConsiderWhile the rewards can be great, distressed property investment is not without its challenges.
Sonu Sundar
Dubai real estate investment
27 January 2025 | 35 replies
Dubai is a dynamic city with great potential for growth.
Isaac Hanai
Exploring Section 8 Multi-Family Investments in St. Louis, MO – Advice Needed
23 January 2025 | 8 replies
Louis City is NOT part of St.
Joseph Chacko vellukunnel
Rookie investor exploring a multi family in jersey city heights
17 December 2024 | 8 replies
Hi @Leon Jamison,I can recommend my contractor. my project was $420K, 7months, funded through 203K. we went slightly over schedule (10months),mainly due to a few failed/ repeat inspections, but we were able ton finish under budget.TBH, Im actually doing a second multi family reno project in the heights, New York Ave with the same contractor beginning March 2025.Anyways, you're bound to have issues when working with any contractor.
David Ivy
Austin Market Report - December 2024
18 January 2025 | 1 reply
In the City of Austin, we saw a 6.5% increase to $575,000*Total sales increased 2.5% in the metro.
Jim Stanley
Worth it to use insurance for a repair.
23 January 2025 | 9 replies
Quote from @Jim Stanley: You should reserve insurance for large claims.Contact the city and report the issue to them.