Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

On thing to keep in mind are potentially elevated maintenance and landscaping costs, as the weather an be extreme ranging from intense rain to snow flurries on the beach. 

. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.Entire Canopy MLS Area —Cabarrus County —Current as of June 7, 2024.

The only tenants that have given me any pause have been a couple of units that I have rented to extremely young couples with no prior rental histories.

Perhaps this is an extreme case to use as an example but I am using this to illustrate a point which is this neighborhood like many others in the country would be well served by finding the correct balance between zoning laws and ease of doing business.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.PM us if you’d like to discuss this logical approach in greater detail!

I'm originally from San Francisco and when I started back in 2021, it was EXTREMELY hard to find cash flowing opportunities without having to put down an insane amount of capital as a down payment. 

Theoretically a DSCR HELOC and DSCR multi family purchase could be coordinated with little to now hard capital out of pocket to the client as most lenders allow down payment funds from cash out against other properties.The mortgage market is extremely healthy and well capitalized for the moment.

I know this is an extreme example but the framework is there.I don't think making an investment decision based solely on predictions of the future is a wise decision.

This take about 30 secs of my day but yields extremely important numbers.Example; I just checked a pending property around the corner from our rental because it's the sqft. and bed/bath count.