Austin Nicol
Choosing a House Hacking Market?
25 June 2024 | 7 replies
Here’s a detailed breakdown of these two types of markets and the factors that contribute to each:Cash Flow Market, a cash flow market is one where rental income exceeds the expenses of owning the property (mortgage, taxes, insurance, maintenance, and property management), resulting in positive monthly cash flow for the investor.Key Characteristics:High Rental Yields: Properties typically have high rental yields compared to their purchase prices.Stable or Slow Appreciation: Property values increase slowly over time, if at all.Lower Property Prices: Generally, property prices are lower, making it easier to achieve positive cash flow.Higher Rental Demand: Strong demand for rentals due to economic factors, demographics, or local employment conditions.Factors Contributing to Cash Flow Markets:Economic Stability: Stable job markets and steady local economies that support rental demand.Rental Market: High percentage of renters compared to homeowners.Affordability: Affordable property prices relative to rental income.Local Policies: Landlord-friendly laws and regulations.Appreciation Market, an appreciation market is one where property values increase significantly over time, offering substantial capital gains upon sale, but rental yields may be lower, resulting in lower monthly cash flow.Key Characteristics:High Property Value Growth: Significant annual increases in property values.Lower Rental Yields: Rental income may not cover the monthly expenses, leading to lower or even negative cash flow.Higher Property Prices: Generally higher property prices, which can make it harder to achieve positive cash flow.Strong Economic Growth: Rapid economic growth, population influx, and development.Factors Contributing to Appreciation Markets:Economic Boom: Strong local economy with job growth and high-paying industries.Population Growth: Influx of people moving to the area, increasing demand for housing.Infrastructure Development: Significant investments in infrastructure, amenities, and services.Desirability: High quality of life, good schools, and attractive neighborhoods.I hope this information finds you well.
Rene Bee
1st major house rehab - 2 family
25 June 2024 | 10 replies
Hire someone professionally locally to work for you and oversee manage the project (a construction manager).Some examples I can provide having worked in the construction industry is - soda bottles filled with urine in the walls, food thrown in the walls, throwing coffee down duct risers, sheetrocked over outlets providing fire hazard...
Elijah Dicks
Des Moines, Iowa Roundtable
26 June 2024 | 28 replies
I'm from Des Moines living in Denver, Co but I'm going to be in Des Moines a few times over the next few months (Holidays) and I'd love to attend one of your meetings.
Trey Onufrii
Looking at 2 hilltop lots to build. Which location is overall better investment?
25 June 2024 | 1 reply
I think both will go up in value over time and you will see a return if you plan on this being a home you live in for 10+ years.
Amy Denzler
Tired of Shenanigans. . .seeking a network in Cincinnati
26 June 2024 | 11 replies
BiggerPockets has been hard at work to solve exactly your problem here over the past few years.
Noah Bacon
Don't Miss This Live Workshop: Demystifying Deal Analysis with Dave Meyer
25 June 2024 | 5 replies
I watched it and want to go back over it but I cant find the video now
Jim L.
Valuation of a septic drain field?
25 June 2024 | 6 replies
Landlocked property has an easement over a 1/4-acre ell in the neighboring property that otherwise blocks the property from the road and is largely (desirably, for privacy/noise) covered in trees.
Matt Mainini
Emotionally sensitive male contractors? What the...
23 June 2024 | 13 replies
This is in sharp contrast to our properties near Santa Cruz, California, where we spend most of our time and energy.Californian's are known to be laid back and soft compared to east-coasters.
John Asher
DSCR loan low rental appraisal?
25 June 2024 | 17 replies
Even with only $1000 in rent I’m still over a 1 to 1 ratio (was not taking out a lot of equity) but under a 1.25 ratio.
David Rutledge
airbnb friendly metro areas
26 June 2024 | 38 replies
David Columbus, Ohio is a strong market for short term rentals due to the growing hospital systems (new build with over 900 beds), The Ohio State University with over 50,000 students and the young professional population in the growing tech industry here with companies moving in such as Intel: https://www.dispatch.com/story...