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2 July 2024 | 10 replies
We are working on another form of communication with higher commissions.The FutureAll indications are showing that it will get worse before it will get better - sales inventory is still high, rental inventory is very high, more and more new construction apartment buildings are nearing and/or have been completed (at least 10 in Cape Coral that have hundreds of units are still being built), displaced homeowners are returning to their homes, and a host of other concerns.We have gone through years of rapid rent growth and a lack of inventory.
30 June 2024 | 18 replies
Hi Nick, I've been reading for a year now that multifamily new construction has ground to a halt due to rapid increases in construction costs, insurance costs, financing costs and also due to mass overbuilding in 2019 to '23, causing huge supply in 2024 and 2025, which is now putting downward pressure on rent growth?
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29 June 2024 | 8 replies
The home is currently now worth about $525,000 due to the rapid appreciation we all encountered during the pandemic and we believe rent is pretty much capped for the area (class C area).
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29 June 2024 | 8 replies
Jonesboro is growing rapidly & would be a great investment area to add to your portfolio.
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1 July 2024 | 23 replies
I've had plenty of local banks in Cedar Rapids, Iowa willing to loan on deals less than $100k.
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28 June 2024 | 1 reply
Quick Turnaround: Whole-tailing allows for rapid transactions, minimizing holding costs.
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29 June 2024 | 11 replies
Take the homerun stories with a grain of salt, but I have found incremental success in my investing career, and I credit the little success to being consistent on the process of underwriting, making connections, and being a landlord.
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30 June 2024 | 28 replies
Columbus offers a diverse economy, strong rental demand, and a rapidly growing population.
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26 June 2024 | 4 replies
Cash-Out Refinance: If you refinance the property, you can pull out cash based on the equity, which can be used for down payments on BRRRR properties.Collateral for Loans: The farm can be used as collateral for obtaining loans for other investment properties.BRRRR Investments:Immediate Cash Flow: BRRRR properties will likely generate some positive cash flow right away.Faster Turnover: BRRRR allows you to recycle your capital more quickly, aiding rapid portfolio growth.Initial Investment: $60,000 can potentially fund multiple BRRRR properties, providing diversity and multiple income streams.Farm Investment:Emotional Value: Maintaining the farm within the family has intrinsic value that cannot be quantified.Long-Term Appreciation: The farm's value may appreciate significantly over time, providing a substantial future asset.Monthly Cost: The $400 monthly cost needs to be factored into your budget, as it’s a non-cash-flowing asset in the short term.Decision Points:Emotional vs.
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27 June 2024 | 28 replies
You have to buy the data dollars in increments of $15 with a minimum of $30 starting out, but then that money can be used for data pulls, property reports, whatever you want.