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10 May 2024 | 11 replies
My only other way to get them to leave is to move in to the unit myself, but I have to do that for a year.
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9 May 2024 | 5 replies
My goal is to scale the portfolio and hopefully be able to replace the lost cash flow by adding additional units with the cash out proceeds.
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9 May 2024 | 4 replies
.), but something has to go reasonably right for a PM to have 95% occupancy or greater on a several hundred unit portfolio, in my view.
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9 May 2024 | 0 replies
Hello all, I just wanted to share with you a piece I wrote about BTR trend in Sunbelt states...would love to hear your thoughts about it.The Sunbelt states of the United States are currently experiencing a housing conundrum, a cocktail of high interest rates (approaching 7%) and dwindling housing supply that's reshaping the real estate landscape.
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10 May 2024 | 21 replies
Thanks Stuart.I don't think a "thesis" is necessary for real estate investing.Your mixing "thesis" with speculation and prediction IMO$1m in cash is retirement for someone that knows what they are doing in "low barrier" markets like you mention.Same can't be said for higher entry markets.Those that don't know real estate will loose no matter where or how they invest.Personally, I don't care about appreciation as I don't get out of bed unless I can net cashflow 20% net on a deal.For example, just bought a 6 unit in a B class area for $160,000.Currently occupied and renting for $3,000pm.Once minor rehab of $50,000 is completed, rents will be $4,500.I have an offer to sell as is for $250,000.ARV is $350,000.When interest rates go down, value will increase even further due to commercial lending being easier.No need for appreciation on such deals.I'll take them all day long over any appreciation potential.Again, just my opinion and each to their own.
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9 May 2024 | 25 replies
Sure you can sell a 2 unit or a 4 unit to an owner occupant, but most of the investment sales that I see in my areas are not owner occupants.
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9 May 2024 | 6 replies
I want to purchase properties all over the U.S. in specific areas that my wife and I calculate and predict high returns on with multi family units, apartments, duplexes, etc.
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8 May 2024 | 33 replies
If you are self-managing, it is imperative that you are staying on top of rates; your property has to be market competitive to get bookings.
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9 May 2024 | 5 replies
There will be a lot of no's but there are still ways to get them talking (it's in scripts - "Not even for $$$", I'm not calling to lowball you or waste your time", "I'm really just planning for my next one in the next 3-6 months"Get to the details like Capex - age of roof, furnaces, water heaters, central ac units, electrical, any recent updating in kitchens or baths.
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9 May 2024 | 5 replies
Think about getting a small place with two to four units using an FHA loan.