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23 November 2024 | 7 replies
Franklinton is undergoing rapid transformation, with developments like The Gravity Projects, new breweries, and an expanding arts district driving change.Safety and Future Outlook:Increased Investments: New developments bring better lighting, public spaces, and infrastructure, naturally improving safety.Community Growth: More residents and businesses create activity, discouraging crime and boosting the neighborhood's vibrancy.Police and Outreach: Enhanced patrols and local organizations address crime and substance issues.While challenges remain, ongoing investments and gentrification make Franklinton safer and more attractive.
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22 November 2024 | 7 replies
You will get A LOT of appointments by sending A LOT of hard target mailers (like the ones that say 5th notice and such, drive return calls), but it's a lot for a little.
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24 November 2024 | 7 replies
I would not sell unless you have another place to move that is basically paid for.
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24 November 2024 | 10 replies
Here are some basic facts:Initial cash invested: $120kYear 1 Cash Flow: $12.3kYear 2 Cash Flow: $8.6kYear 3 Cash Flow (YTD, 3 months left in year): -$4.5kCurrent equity estimate (net of expected selling costs): $102KMortgage rates at or below 3.75%CapEx uncertainty: HVACs will likely require replacement within the next 5 years and one of the roofs is nearing 20 years old.Market is the Huntsville, AL area.Underwriting hurdle when acquiring these properties was 10% CoC return annually.With a 10% CoC return after Year 1, I felt good about this investment.
22 November 2024 | 5 replies
Drive around in the parts of town that you want to invest in and see if there are any bandit signs.
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22 November 2024 | 1 reply
A standalone ADU is almost always going to cost more than doing an addition, so the value added or cash flow increases will have to justify each.I work with a team of investors who will buy SFR homes then build a new ADU on the lot and add a separate drive way and meters for utilities in North Texas.
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22 November 2024 | 13 replies
Most guests are willing to provide feedback, especially given the upfront touches/relationship we try and drive initially.
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22 November 2024 | 33 replies
I had to basically start from the beginning again bc the attorney I used for the longest time retired and my original post was basically like starting over--creative financing is foreign to most now.
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22 November 2024 | 12 replies
Sadly the property no longer exists; it was at 22 Riverbend Drive sitting on the Swannanoa River, and like all nine houses sitting on the river, it was swept away and floated down the river.
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21 November 2024 | 2 replies
. - What driving factors should I take into account when l'm looking for an up n' coming hot markets?