Here’s my novice question if anyone would care to pass on some wisdom: $70K (hypothetical) to invest: would you rather buy and BRRRR in Midwest / southeast or would you rather use this as downpayment for a multi or SFH locally in my area (seattle)? 

Hey Guys I’m pretty new to real estate investing in South Florida. I have to admit every homeowner I’ve been in contact with feels there property are worth over Zillow value. They want be able to sell a homes that is ...

(a hard money loan would only add to the stress on a Newbie).Therefore....I/ most investors  would have to shop in Housing markets with homes under 200k...In my case...living in the northeast....I am restricted to the southeast (NC, FLA, Tenn, Georgia)/ maybe...Midwest.)I would have to  long Distance Invest....Then I would have to get a team/"Core 4" in the market.

Based on the amount on industry moving to the upstate area and the southeast, I don't think the grow will be stopping any time soon. 

Generally Fayetteville is regarded as one of the least desirable markets in the South East from a lending perspective so our underwriting is more conservative here.

The reason I'm asking is because I'm currently looking mainly in the southeast for an apartment community in the 50 - 100 unit range to syndicate prior to the end of 2019 and want to make sure I'm taking into account all possible markets if the financials, location and the exit makes sense.

My market is Southeast Cleveland and surrounding suburbs (Slavic Village, Lee-Harvard, Garfield Heights, Maple Heights, etc.)

Hi all, would like to hear your opinion on this deal:- Irvington NJ, at the southeast part- 4 family, didn't see the place yet, owner says it's in "ok" condition meaning no fixing required yet. all units are month to monthINCOME: 3br ($1250) + 3*2br ($1050 each) = $42,800EXPENSES (rounded):Tax - $10,000insurance - $3,000water / sewer - $800common electric - $500heating and electric are seperatedmy additions:super - $2,000maintenance 5% - 2640vacancies 5% - 2640management 10% - 5280TOTAL -  $26,860NOI = $25,940 How much CAP would you assume for this deal to determine the offer (let's say it needs 15K in update)?

Even thought this is the warm and sunny Southeast, sometimes we do get cold snaps around this time of year.

But as long as you either have good market knowledge or are working with someone who provides you with that knowledge, you won't run into many appraisal surprises.I mostly invest/list/sell in the Onondaga County area, drifting just a tad north/south/east/west into adjoining counties.