Rob Blumenstein
Duplex Development/Construction Chicago Suburbs
21 May 2024 | 11 replies
-Rob,Greg, and Al I'd start with a real estate agent sending you all the new construction 2-4 family styles that have sold and pick one that is small and compact and sells for a premium.
Somesh Mukherjee
From Toronto, looking to invest in Buffalo & Rochester area.
20 May 2024 | 20 replies
I will give you some of my highlights.People in Texas complain about their property taxes at 3% ours are about 4.5%.New York in general and Monroe county specifically are very tenant friendly.Depending on the town, the code inspectors/police can be quite anal.Since Covid and the 2020 protests we’ve seen an increase in crime in the city and therefore weakening demand in the city proper and increasing demand for the suburbs.Industry is well diversified—University of Rochester (medicine) L3Harris (defense) xerox (IT) and paychex (software/hr)) and relatively recession proof.Population growth is low and therefore appreciation (except the past 4 years) has been moderate as well.There aren’t many builders in the area so supply is relatively fixed.Home (and rent) prices are both affordable with homes typically being less than 1/3 median household income and rent being similarly affordable.For single family homes at 8% rent will cover piti with about 100$ to spare in the A areas.
Frank Barletta
Is Syracuse, NY really a dump?? Maybe not.
16 May 2024 | 8 replies
It is also a great place for flippers to make some $$$$$$.Demographic SnapshotPopulation Dynamics: Higher populations in zip codes 13208 and 13210 suggest a vibrant rental market, whereas 13224’s higher median income points to the potential for luxury real estate investments.Age and Housing Needs: The younger demographics in zip codes 13204, 13205, and 13210 indicate a need for affordable, compact living spaces suitable for young singles and new families.Age DemographicsGen Z is actively moving to Syracuse, NY:https://www.localsyr.com/news/gen-z-is-moving-to-major-cities-including-syracuse-why/This migrational data is supported by search terms for jobs at Amazon being up 900% YoY:KeywordAvg. monthly searchesYoY changeamazon jobs syracuse ny500900%amazon careers syracuse ny500900%Market Analysis and Rent TrendsRental Scene: There is a stark contrast in rental prices across the zip codes.
Dave Dumoulin
Investing in Toledo
14 May 2024 | 12 replies
Defining the class of the neighborhoods is the tough one to start that grade C out for...I have some clients unused to the mid-west who are used to high-end suburbs who consider our better areas a B- area.Personally, I classify the C- anything I verify I have easy access to my spare magazine before I enter a vacant property.
Joseph Mulero
First House hack at 29 years old and looking to further my investments
14 May 2024 | 12 replies
This is essentially a much lower-risk BRRRR, since you will be living in the property and using owner-occupant financing, and also able to do much of the work in your spare time (if you have any) on nights and weekends.
Chance Covan
New investor looking to get started- what would you do?
15 May 2024 | 23 replies
Even if you're not making much profit at the start because you're investing in a better area, it should work out fine.If you're losing $100-200 per month but have a stable job, you should be okay.Most people get rich with real estate through property value appreciation rather than cashflow.If you're comfortable living with roommates, you can purchase a house in a good area you like and rent out spare rooms.
AJ P.
To Paint Trim & Doors or Not
14 May 2024 | 15 replies
To freshen up your walls, Spare White is the way to go.
Jonathan Snider
STRs in Multiple States
9 May 2024 | 13 replies
They use the homes sparingly throughout the year as vacation homes and rent out the rest of the time.
Douglas Gratz
What is the new construction process? Dig lot, pour concrete, etc
14 May 2024 | 201 replies
On your spare time, definilty google Northern Liberties in Philadelphia, its one of the most sought out places to live and the block I am on has one of the best restaurants around (not that it means much, but the block is just one of the better in the area so I have that going for me) https://www.10best.com/destina....
Densil Brown
The $1,000 investor starter guide
7 May 2024 | 14 replies
I have obviously no time to spare as I am busy.I only have 2 hours every other sunday to devote to my wholesaling business.Based on what I have, how do I make it?