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5 August 2024 | 4 replies
I'm a private landlord, new to the Philly market, and I'm eager to connect with another experienced landlord who can guide me through this thriving market.
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5 August 2024 | 4 replies
An example problem statement that I may have stated (and built the software for) in 2003, when I started investing full time: Build a tool for lead generation that collects county records from the county recorder's office (and property card data), finds the recent first mortgage defaults from trustees websites or public filings for properties that are between 1000 and 1700 square feet, in a neighborhood of 90% like-kind properties with greater than 20 parcels, houses built after 1978, that can cash flow at current rates when fully leveraged.
6 August 2024 | 16 replies
The cash flow is great, but I am looking for a lending source---private or a financial institution---to buy many more like these---they need to be in small cities though.Property management is not a problem, since they own the house and will fix it up themselves.
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6 August 2024 | 54 replies
Insurance is through the roof over the past couple of years.
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5 August 2024 | 9 replies
If you’re still working through it, I’m happy to share what I’ve learned—feel free to reach out!
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6 August 2024 | 28 replies
They are cheap, and will get cheaper in coming recession, as tourism to Vegas will decline, and they have superior growth and great management, that know what they are actually doingADC -(Agree Realty), they do what I do privately, but on a bigger scale, run by Joey Agree , very smart, they have excellent growth, multi-tenant, triple net retail, and grocery anchored Retail, they will benefit from massive secular tailwinds, as there has been under construction in retail for years, due to fear of E-commerce, higher construction costs/insurance costs, post GFC under financing-construction, etc, so existing inventory is commanding higher rents, we are bumping new leases by 7-11%, they will get this endogenous earnings growth for yearsthese should perform well over next 10 years, never buy anything in Real Estate for less than 10 years, to allow to go through cycles, and if you can buy in 401k/IRA so dividends can be re-invested tax freegood luck, you have to monitor your E-REITS like you would any other stock, closely, as they move with sentiment not just on NAV like private Real estate, so you can't just dose em w 200mg of propofol and walk away, not that you'd ever do that :)good luck
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5 August 2024 | 4 replies
I am expecting a cash flow between $1200 and $1500.
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4 August 2024 | 3 replies
If it's working as an LTR and you are cash flowing, I'd be willing to bet that the juice won't be worth the squeeze in converting them to STRs.
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4 August 2024 | 1 reply
My specialty is building broker relationships and bringing quality off-market deal flow.
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6 August 2024 | 9 replies
You do need and agent to help with the property and guide you through the process.