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4 May 2024 | 10 replies
You only pay what the house is worth.
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6 May 2024 | 0 replies
This will only be worth it if you're serious about multifamily investing.
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6 May 2024 | 2 replies
This house was recently remodeled (by yours truly) and had almost nothing worth calling out.
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5 May 2024 | 3 replies
East Tennessee home sales increased 8.9% from the previous month, but were down 1.4% from a year ago.The median sale price was $354,000 — up 10.3% from the previous year.Total housing inventory increased from the previous year – up 24.0% from a year ago.Half of the homes sold were under contract in 28 days or less, up from 25 days a year ago.45% of homes sold for the asking price or above, with 21% selling for more than the asking price. 8% sold for at least $10,000 over asking and 2.6% sold for at least $25,000 over asking.The sale-to-list price ratio increased to 97.8% – up from 97.6% last month.New construction represented 16.5% of total home sales.If you want to dive deeper into some numbers in the Knoxville and surrounding area I'm always happy to nerd out.
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5 May 2024 | 1 reply
Able to keep the tenants and increase rent by 50%.
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4 May 2024 | 13 replies
HOA fee will probably continue to increase, you never know when an expensive assessment is around the corner and there is some potential for a price crash as they are really overbuilding (imo).
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5 May 2024 | 41 replies
15-20% cashflow ROI when buying for myself.Turnkey offered at 8% or higher depending on volume for solid B class is good buying IMOAs you know, for us like yourself on the ground the deals can get incredible.Just trying to get a 6 unit across the line for $160,000.A class area in Toledo and needs around $50,000 rehab.Current rent's are below market at $3,250 and will fix and increase to $4,500pmStupid good numbers lol
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4 May 2024 | 2 replies
I am American, but I moved outside the states a couple years ago, but I expect to start spending more time back in the PNW in the the next few years, and a stretch goal is to be able to accommodate friends and family when they visit, which should be increasingly frequent.
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6 May 2024 | 1 reply
One does not call for any credit and the other can make the deal not worth it.
5 May 2024 | 5 replies
Below is my current situation.LLC:Owns one property in cash worth about 350K.