Both properties fall into Class B- category and has no HOA and no rental restrictions.Here are the details for each property:Property 1:3 Bed, 2 Bath (1020 sq ft)Purchase Price: $250,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $50,000 + $30,000 (rehab) = $80,000)Projected Rental Income Post-renovation: $2100/monthProperty 2:2 Bed, 2.5 Bath (1168 sq ft)Purchase Price: $230,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $46,000 + $30,000 (rehab) = $76,000)Projected Rental Income Post-renovation: $1900/monthThe location is moderate, with amenities like shops, restaurants, a mall, and a baseball stadium within a 5-mile radius.Considering buying both as they are in the same building, the total cost and income overview would be:Total Price for Both Properties: $478,000Down Payment & Closing: $96,000 + $10,000 = $106,000Total Renovations: $60,000Total Price (Including Renovations): $478,000 + $60,000 = $538,000Total Out of Pocket: $166,000Projected Gross Rent Monthly: $4000The rate of interest for the mortgage is 7.5%.I am currently evaluating: A) The break-even point for two townhomes considering a cash investment of close to 32%.

I can't post my contact information on this page per the moderation team.

Freddie Mac Home Possible and Fannie Mae HomeReady:These programs are designed for low to moderate-income borrowers and offer down payments as low as 3%.

This indicates robust demand for moderately sized homes, likely driven by middle-income families and professionals.Zip Code 28305: While the focus in 28305 has been on larger, more luxurious homes, the substantial overall price increases and affluent demographics suggest potential niche markets for high-end, smaller homes, such as luxury townhomes or condos designed for downsizers or small, wealthy families.Affordability does not equal smaller-sized housing: Demand for affordable housing has not directly correlated with smaller housing, which can be seen by 5+ bedrooms increasing by 30.10% YoY in 28304.

So . . . if we can agree to chat on Monday's at 6pm EST about rehabbing, someone would agree to moderate or lead the chat.

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.

He seems to suggest starting with a property that requires light to moderate repairs, reducing the risk associated with the investment.

It appraised at $553k and the inspection showed lots of minor to moderate deferred maintenance, mainly needing a roof and some foundation repairs and a few water leaks inside that need addressed.

Hello Biggerpockets,I’m a moderately experienced and networked real estate investor looking to start exploring the wholesaling niche here in LA.Looking for a gut check of my strategy, and to speak with anyone pursuing similar niches here in LA or other highly competitive markets.Context and backgroundMy first deal was a massive live-in flip.

There’s an observed increase in sales volumes and a moderate appreciation in house prices, coupled with a significant interest in affordable housing in the search data.Opt for cost-effective updates that improve structural integrity and aesthetic appeal, such as new fixtures, fresh paint, and updated kitchens and bathrooms.