
6 July 2024 | 8 replies
I believe that successfully navigating this initial investment will pave the way for future opportunities, whether in the same market or elsewhere.Living in New York City, I faced a challenging market ;)I chose Montgomery, Alabama.Here's my process:I compiled a list of states with favorable landlord laws.Using Brightinvestor, I identified cities within those states where the median home price falls below the national average ($420k).I excluded cities with negative income growth and rising unemployment rates.I focused on cities with strong appreciation rates over the past five years (over 10%).I compared price-to-rent ratios.I did break two rules: Montgomery has a slight decline in population, and its largest employers are an Air Force base and government agencies.One significant factor that influenced my decision was the promising price-to-rent ratio, suggesting potential for positive cash flow (though I remain cautious about appreciation).Regarding my acquisition strategy:I plan to employ the BRRR method with cash.

8 July 2024 | 35 replies
These more favorable regulations include a 5% transient occupancy tax, no limit on number of days rented, occupant limits based on home size (typically 2 occupants per bedroom plus 4 occupants), minimal permit & licensing fees, and no minimum required stay by the owner.

6 July 2024 | 3 replies
HVAC Air Filter - note the size and whether it is new.5.

6 July 2024 | 14 replies
Not sure what size or brand but I thought it was funny!

8 July 2024 | 29 replies
I've already employed lifelock because I am also sure from reading these other complaints that this group[ is still planning to scam me.

5 July 2024 | 8 replies
I followed a three-tiered system to determine the ARV:T1: Stay within one-miles radius, sold for fewer than six-months.T2: Size of the properties are within 200 sqft., must share certain attributes (bedrooms, bathroom, etc.).T3: Compare property typeI came to the result of above 200k and am looking for advice/comments from experienced investors on my decision.

8 July 2024 | 27 replies
It's precisely the lottery size judgements that either exceed you insurance or are dodged by your carrier that make it a good plan to have another layer of protection of a limited liability entity.

5 July 2024 | 2 replies
Currently we are dealing in single family homes and non-commercial multi-family but have future growth visions on mid-sized commercial multi-family as well as STR's.Outside of real estate, I enjoy God - Family - Fishing and Friends.Excited to learn and connect with you all!

5 July 2024 | 4 replies
Any other local industries with short term employment?

5 July 2024 | 5 replies
Minimum bedroom square footage requirements come into play (a quick google search shows Texas having an 80sqft minimum size requirements for a single occupancy bedroom).