I want to increase my capital so I do everything in cash.

Hello All,I'm interested in feedback on the multi-family & SFR real estate market in Greensboro, NC.I would like to hear from BP members that are in the trenches and/or currently invested in this market.Key indicators like job and wage growth seem to be holding steady for the last several years and property values seem to be increasing steadily.Can someone give me their view on the current cap rates & vacancy rates for multi-family properties.I would also like to connect with residential & commercial real estate agents for any current/future opportunities.Thank you in advance

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I love creating excel spreadsheets and using it to analyze, minimize costs and increase profits.I look forward to networking, making new friends and business partners.N

If the value of both properties go up by 10%, you make $20k on scenario 1 (10% increase x $200k value x 100% ownership) and $167.5k on scenario 2 (10% increase x $5mm value x 33.5% ownership).

If I was to purchase a multifamily investment, for example a 6-unit property, and turned two of the units into vacation or short term corporate rentals that increased NOI when compared to traditional rental income with lower NOI, how would lenders look into this in terms of a value add to the property?  

I usually do suggest finding a deal first as it increases the chances of landing a mentor, but I'd also say that finding a deal is the 1st step even without one.

As a wholesaler I'm wondering as you are, I've recently put a property under contract that is in the same condition, I know there is no room for fix and flip but as a long term buy and hold rental for $5,000 purchase price I would think someone would want to invest.

There is some competition, but what I'm seeing is if your property is in decent condition and is priced well it'll rent.

Find good software, figure out how to do dynamic pricing/yield mgmt so you can show owners how you can increase income (price for max revenue in season, occupancy in off season), hire good housekeepers and make a good corny website.