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11 February 2025 | 11 replies
Ask me privately.Financial Highlights- Gross Potential Rent: $98,061 per month ($1,176,732 annually)- Total Income (5/1/2023-4/30/2024): $1,357,459.80- Net Operating Income: $896,896.09- Existing assumable loan: $6.7M at 5.38% fixed rate until 2029Value-Add Opportunity- Partially renovated property with potential for further upgrades- Current loss-to-lease suggests room for rent growth- Opportunity to implement operational efficienciesMarket Dynamics- Huntsville's population grew 9.4% between 2020 and 2023- Strong job growth, particularly in aerospace and defense sectors- Significant multifamily supply growth (15.9% inventory expansion in past year)Investment Strategy- Assume existing favorable financing- Implement value-add renovations to drive rent growth- Capitalize on Huntsville's robust economic expansion- Target hold period: 3-5 years to align with loan maturityRisks and Considerations- High market-wide vacancy rate (17%) due to recent supply growth- Potential for market softening due to rapid inventory expansion- Property age may require significant capital expendituresThis opportunity offers a blend of stable cash flow from the existing operations and upside potential through strategic improvements, all underpinned by Huntsville’s strong economic fundamentals.ⓘ This is not an offer, solicitation of an offer, to buy or sell securities.
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15 February 2025 | 6 replies
you can still find good deals more west of the freeway in SLC or off market in SLC or south salt lake but they are harder to come by
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3 January 2025 | 18 replies
I’ve been unable to find anything.I’m new to the Cleveland market and was able to navigate the LAIC issue.
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12 February 2025 | 0 replies
By creating the Texas Stock Exchange, Lee hopes to address the high costs of going and staying public.TXSE closed its initial capital raise at $161 million, which the company claims makes it "the most well-capitalized exchange" to file a registration.
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20 February 2025 | 3 replies
As you may know, Harrisburg can be block by block and depending on what block it is on in 4th St, I would be very interested in purchasing it.
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11 February 2025 | 3 replies
However, the success of your project will depend on factors like location, renovation costs, and market timing.Many investors have found great success by focusing on high-demand neighborhoods with strong buyer interest.
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17 February 2025 | 7 replies
Pairing a smart lock, such as the Schlage Encode, with Hospitable saves so much time since Hospitable seamlessly automates door code management by creating unique codes for each guest reservation and then, subsequently removes the codes after the guest checks out.
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16 February 2025 | 4 replies
You could house hack by purchasing a small multifamily with an FHA or conventional loan, reducing your living expenses while building equity.
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6 February 2025 | 18 replies
The way wholesalers get around this is by claiming to simply be marketing the contract and not the property itself (hard to do legally), or by doing a double close (buying the property then reselling it immediately).
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1 February 2025 | 1 reply
Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.