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5 July 2024 | 11 replies
Our largest issue (and I understand how fortunate we are so not complaining...too much), is the enormous amount of taxes we pay.
5 July 2024 | 10 replies
PI is a quiet town more geared toward tourism on South Padre Island, but will likely frow due to LPG.There are definitely some opportunities down here in the Rio Grande Valley for people who know how to operate, but one challenge you will encounter will be that it's very hard fine good employees.
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6 July 2024 | 2 replies
The money moves to the largest corporations and banks tighten lending which brings home prices down OR2.
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6 July 2024 | 8 replies
I believe that successfully navigating this initial investment will pave the way for future opportunities, whether in the same market or elsewhere.Living in New York City, I faced a challenging market ;)I chose Montgomery, Alabama.Here's my process:I compiled a list of states with favorable landlord laws.Using Brightinvestor, I identified cities within those states where the median home price falls below the national average ($420k).I excluded cities with negative income growth and rising unemployment rates.I focused on cities with strong appreciation rates over the past five years (over 10%).I compared price-to-rent ratios.I did break two rules: Montgomery has a slight decline in population, and its largest employers are an Air Force base and government agencies.One significant factor that influenced my decision was the promising price-to-rent ratio, suggesting potential for positive cash flow (though I remain cautious about appreciation).Regarding my acquisition strategy:I plan to employ the BRRR method with cash.
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5 July 2024 | 11 replies
If I knew the best way, I would be sipping Mai-Tai's in the Cayman Islands on a stack of cash.Seriously, there are lots of ways and everyone has their way that they like to do things.
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4 July 2024 | 8 replies
I've had them nail/tack pictures, calendars, artwork to side cabinets, back of island cabinets, doors.
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4 July 2024 | 11 replies
UCF is now the second largest university in the US with 70,000 or so students, and apartments are springing up everywhere.
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2 July 2024 | 12 replies
The issue with islands is that it means Caribbean.
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2 July 2024 | 23 replies
I run the largest wholesaling company in NWI- Feel free to reach out if you have any questions.
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2 July 2024 | 1 reply
My largest concern is that as we go lower in rate, housing supply will ultimately be unlocked putting downward pressure on rents/asset prices.