18 July 2024 | 6 replies
Pros:- Many ways to invest and lots of different price points: LTR, MTR, STR (I know a couple of people doing STR but STR can be challenging) and different areas to invest- Diverse job market.
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18 July 2024 | 8 replies
Begin to network and never stop educating yourself.If you ever consider the Kansas City area, I'd be happy to discuss the current market with you.
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19 July 2024 | 2 replies
Mortgage 15/1 arm at $3.375% with max 4% interest increase due 15 years from July 2015 (Aug 1, 2030).Current condo monthly maintenance fee : $1036 includes water, amenities (pool, tennis court, concierge, gym, sauna, community room with pool and ping pong, maintenance)Current monthly mortgage payment: $499 interest, $504 principal Monthly taxes and insurance: $459 monthly contents insurance: $38Past Assessments: $11k for building HVAC upgrades $8k for building updates and building reservescurrent market value $400k - $425kcurrent monthly rental median: $3100-$3200monthly landlord insurance: $45I'm also trying to decide if I should rent or sell and invest elsewhere.Appreciate all insights.
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18 July 2024 | 3 replies
If you're open to other markets, I invest locally in the midwest and I think we have some strong RE markets that are relatively affordable.
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19 July 2024 | 7 replies
Staying in the Wilmington area makes the most sense, as we really know that market, but I also have a soft spot for the western part of NC!
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20 July 2024 | 24 replies
A hosting business involves marketing (LTR only markets when there is a vacancy), cleaning/turnover, check-in/check-out procedures, and a concierge communication.The analogy to Walmart is absurd.
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19 July 2024 | 4 replies
Conduct market research, get pre-approved for a mortgage, define property criteria, and use analysis tools.
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18 July 2024 | 4 replies
After that I plan to focus more on cash-flowing markets out of state.
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18 July 2024 | 9 replies
There are a lot of hidden opportunities in our market.