
2 July 2024 | 5 replies
Here's a very small pros and cons list I've made for the area:Pros:Potential for Appreciation: Rapid growth and development can lead to property value increases.Stable Rental Demand: Proximity to Raleigh and economic opportunities ensure a steady stream of potential renters.Desirable Location: Good schools, amenities, and quality of life attract families and professionals.Cons:Market Competition: Increased demand can lead to higher property prices and competition among buyers.Out-of-State Management: Managing a property remotely can be challenging without a trustworthy local team.Economic Dependence: The area’s growth is closely tied to the economic health of Raleigh and the Research Triangle.
2 July 2024 | 2 replies
.- Review their websites and credentials.- Schedule a consultation to ensure they can assist with real estate investment decisions.By taking these steps, you should be able to find a financial advisor who can help you navigate the purchase of your new primary residence in Tennessee without the high minimum fees.

5 July 2024 | 10 replies
But you definitely need to do your own research, times change and some of the things he suggested that were valid 4 years ago may no longer be valid today.Spend some quality time on your research first, I would recommend to give yourself a month to spend 4 to 8 hours a day just gathering as much information you can, networking, making connections before you are ready to go.

2 July 2024 | 8 replies
Of course there are more high-end platforms that are higher cost (Salesforce, hubspot) but I would not start there.

2 July 2024 | 20 replies
They are still a segment of housing after all.Go back 40 years and the quality of the homes was terrible.

4 July 2024 | 8 replies
I'm pretty familiar with car washes in the So Cal area, 5.5 (including land) is a bit on the high side here. 1.8 on the other hand (including land) is unbelievably low.

4 July 2024 | 1 reply
In small college town with high rental demandAsk price 745kGross rent: 9750/mth 177k/yr (differed maint properties with potential 200/mth per unit increase once renovated) estimated reno (190k across portfolio)NOI: 91,475/yr (12.6 CAP) (includes tax, ins, listed maint for past yr) After reno NOI 127,475/yr (14.6 CAP) Deal info: - Owner finance 745k 20yr at 6% 20k down minus deposits (~13k)Cashflow = 2100mth (self-managed) (self maint similar to the previous owner)By this alone, 2100 cash flow added per month, it will put me at my financial freedom number of monthly cashflow is equal or greater than my families spending amount.

2 July 2024 | 6 replies
However, I have a few concerns:Pros:Living condition: 1400 sqft → 1700 sqft with some boutique featuresThe rental market seems good in this area.Another property is added to my existing real estate portfolio, which currently includes two other properties.Cons:Interest rate: 7% - No guarantee of decreasing the rate, which means there might be no opportunity for refinancing in the future.The current home is too new to be rented out.People often say not to buy property in Chicago due to high taxes and low appreciation.There’s no necessity of moving since I have a decent primary home.Any professional advice would be helpful.

4 July 2024 | 14 replies
I was surprised even though the elevation is not that high (4.5k?)

4 July 2024 | 1 reply
If you're putting in a new kitchen and other items does the capex need to be that high?