Account Closed
What's a market?
6 December 2015 | 8 replies
Each zip on it's own is a different market because:1 - The northern zip ARV (for the same bed/bath/size) is about $10-20k less than the southern zip...depending on how far north you go in that zip.2 - The northern zip rents between $100-150 less than the southern zip...again depending on how far north you go.3 - The southwest section of the southern zip rents about $75-100 higher than the northeastern section of the southern zip.4 - The section just north of the Golf Private Golf course, comps out the highest at about $80-100k more than the average ARV in the northern section...and is about 1 mile south of the southern edge of the northern section.I could break it down even more, but this should give you a better idea of how markets and micro-markets are set.
Chad Acerboni
Need help identifying out of state market to invest
8 October 2019 | 36 replies
On the other hand I have a place in Southwest Detroit Near Mexicantown that costed me around $28,000 all in including repairs etc.(2018) and I’m collecting $900 a month from This SFH.
Anthony Martin
Hottest Neighborhoods in Washington D.C
29 November 2018 | 4 replies
Agreed with @Junie Joseph the SW Waterfront and southwest area in general are definitely gaining popularity.
Serge S.
How does this story end? Prediction for 2020
12 July 2021 | 138 replies
Does population continue to grow unabated in the Southwest and Sunbelt?
Justin Ignacio
Deal or No Deal: Condo Potential?
28 April 2020 | 19 replies
Here are the numbers if I rent my current house (thanks @eric fernwood , I'm borrowing the equations you've used on your posts): Purchase Price: $275,000Comps: $320,000 (house with exact same floorplan/landscaping across the street sold for $337k on 3/13/20)SqFt: 2,200Beds: 4Baths: 3Stories: 2Financing: 30 yr fixed at 3.25% ($0 down and closing costs were covered by seller)Cash Flow = (Income - DebtService - ManagementFee - Insurance - RETax - PeriodicFees)Cash Flow = ($1700*12 - $1150*12 - $1700*12*8% - $528 - $2985 - $49*12) = $867/yr or $72/monthNote: this formula doesn't account for occupancy or maintenance however the house is 5 yrs old, in good shape and I have a contingency fund dedicated to these expenses.Now here's the info on the potential condo purchase:Location: Southwest Las Vegas, near 215 and BuffaloList Price: $175,000Comps: $185k-$195kSqFt: 1,167Beds: 3Baths: 2Financing: Pre-approved for conventional 30 yr fixed at ~3.7% with 5% downThe seller currently has tenants with a lease that ends in June.
Ivan Loza
It’s MY MONEY and I want it NOW!
23 May 2021 | 87 replies
Would you also advise against using a debt collector service such as “Southwest Recovery”.
Michael Davis
First Post : Almost Investor
9 August 2017 | 4 replies
I am currently living in the South east Missouri/ South west Illinois area.
William Swain
Inherited house and farm land
26 January 2020 | 2 replies
This is in southwest Oklahoma and I have no reason to sell quickly.
Russell Brazil
April Rent Collection? What Percent Did You Get In?
17 April 2020 | 64 replies
I'm 3 hrs south west of Seattle.
Lupe Santiago
Private Lending in Florida - Rules & Regs
11 October 2023 | 38 replies
$50k might work in some portions of central, north and southwest Florida but might not be all that great to work with in some places closer to SE Florida.