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5 February 2025 | 15 replies
Is the washer price set higher then the local laundromat and are the dryers priced lower?
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4 February 2025 | 13 replies
Here’s why Oklahoma might be a great market for you:Affordability: Properties in OKC and Tulsa are often under $200K and offer strong rent-to-price ratios.Landlord-Friendly: Simple tenant laws make managing rentals easier.Growing Economy: Job growth in energy, tech, and aerospace fuels rental demand.How to Evaluate Deals:Run the Numbers: Ensure positive cash flow, check cap rates (6–10%), and use tools like the BiggerPockets calculators.Find Deals: Network with local wholesalers or agents, and look for value-add opportunities in stable neighborhoods like Edmond (OKC) or Broken Arrow (Tulsa).Let me know if you’d like tips on analyzing properties or finding deals!
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1 February 2025 | 3 replies
Since I'm not a pigeon forge local, I also don't have a good feel for the appropriate cost of goods and services either.While I don't necessarily suspect anything nefarious from the management company, I don't now that our financial incentives are always well-aligned.
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27 January 2025 | 3 replies
Stay disciplined and avoid rushing into deals without thorough due diligence.Resources for InvestorsIf you’re new to investing in distressed properties or looking to expand your portfolio, consider leveraging resources like:Local Realtors: Realtors specializing in distressed properties can assist in locating off-market deals and navigating complex transactions.Community Forums: Attend a local investor meetup or join online forums for the Phoenix market.Educational Tools: Search out webinars, workshops, or courses on investing in distressed properties.Final ThoughtsThe distressed property market in Phoenix is creating some excellent potential for the right investors willing to go the extra mile necessary to take on strategic risks associated with this category of real estate.
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26 January 2025 | 5 replies
Start small with duplexes or triplexes, analyze deals carefully, and build a team of local experts.
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7 February 2025 | 41 replies
Where I live in SC you HAVE to have local knowledge to make things work.
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6 February 2025 | 10 replies
These can provide good cash flow and are easier to manage than larger commercial properties, especially when you're just starting out.Also, when I was starting, I found local meetups super helpful.
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31 January 2025 | 4 replies
I’m trying to increase my presence to the local renter population.
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28 January 2025 | 3 replies
I really like the idea of leveraging local contacts for walkthroughs and feedback.