Oli C.
MTR out of state as a first deal?
17 October 2024 | 20 replies
You need to personally physically inspect— never take anyone’s word about anything.
David A.
Are we biting off more than we can chew for out first BRRRR? Any tips?
16 October 2024 | 10 replies
Also, Fresno, CA is in the top 10% of US housing markets for appreciation, at ~9% annually over past 10 years and expected to continue given the growth we have seen here, proximity to big cities in CA, cost of living relative to the big cities, high-speed rail to LA stopping here when complete, etc.
Sipan Y.
Best Short-Term Rental Markets in California with Easier Permit Processes
12 October 2024 | 5 replies
Shasta to the north is also getting some development interest because of the ski area, proximity to vast amounts of wilderness with all kinds of recreation.
Joe Kern
Hurricane - Advice
13 October 2024 | 6 replies
I had a client right after Hurricane Michael who initially got offered half of what his damage actually was worth, but a skilled adjuster managed to get him a much more reasonable payout.Keep a Backup of All Your Documents:Store both digital and physical copies of everything-your insurance policy, receipts, photos, and videos.
Mike Wynn
California Home Insurance
12 October 2024 | 3 replies
They can only provide a general liability-only policy through Lloyd's, which doesn't cover the physical structure or contents.If anyone knows of a good insurance provider that offers comprehensive coverage, including protection for the structure itself, I would greatly appreciate your recommendations.
Corey Crowley
Question about cash out refinancing
15 October 2024 | 12 replies
The properties are expected to be in reasonably close proximity to each other.
Shelby McKean
Thoughts on Turnkeys?
14 October 2024 | 31 replies
Never buy any property without physically inspecting it and its neighborhood yourself, AND having it thoroughly inspected by a great inspector who YOU select and pay for.
Mary Jay
Tenant keeps complaining but wont do anything or let me do anything
13 October 2024 | 18 replies
I finally had to send a message that we were aware of the problem and would resolve it when we were able but that it wasn’t impacting the tenants physical use of the unit.
Anastasia Rodriguez
Any advice on rules or partner deals for MTR in Chicago?
13 October 2024 | 19 replies
Note: These are suburban buildings but in highly desirable towns with close proximity to downtown Chicago.
Frank Barletta
Houston: Gross Weather, Lovely Investing
9 October 2024 | 9 replies
The education and health services sector alone added 23,800 jobs in the past year, reflecting a significant expansion in these industries, particularly in healthcare and social assistance.Proximity to Major Employment Centers: Greater Heights offers convenient access to key employment hubs such as downtown Houston and the Galleria area, which are major attractors for residents due to the short commute and abundant job opportunities.Education: Nearby institutions like University of Houston and Rice University contribute to the area's appeal.Infrastructure Projects: Ongoing developments like the East Blocks Redevelopment and BioHub II at Generation Park enhance local amenities and attractiveness.Investment InsightsGreater Heights Rental Market Trends:Single-Family House Rentals:Median Rent: $1,350 for 1 bedroom, $2,695 for 2 bedrooms, $3,250 for 3 bedrooms, and $6,100 for 4+ bedrooms.Stability in rent prices with modest YoY increases: 2 bedroom rents increased by $195, and 3 bedroom rents by $250.Median Sold Price YoY ComparisonApartment Rentals:1 bedroom apartments saw a YoY increase of $305, 2 bedroom apartments by $667, indicating strong demand for these unit types.Available Rentals:High availability of both house and apartment rentals, indicating a robust market that can support new rental investments.Sales Market Trends:Median Sale Prices:Significant appreciation in home values, particularly in 1-bedroom homes, which saw a 190.7% increase from $215K to $625K.Other bedroom counts also showed positive appreciation, e.g., 2 bedrooms (5.3%), 3 bedrooms (6.5%), 4 bedrooms (17.4%).Market Activity:Increased number of homes for sale and sold, suggesting a dynamic and active real estate market.