Hey Damion, I am an agent and investor in the Phila area and would be happy to connect with you about the local market.

The market here in SD continues to appreciate 10-11% year over year and with a shortage of inventory it's not showing signs of letting up so waiting 5-10 years to just sit on a 3% interest rate on your Merced rental when your goal is to move to SD makes sense to do it sooner rather than later.

They are hands-off, institutional grade real estate investments, and they allow you the option to diversify into offerings in markets across the country.

If you hire a contractor, you can charge for labor and materials.

. +30% vacancy for 24 months, caused by two evictions, one unit on market for 7 months, and the two new properties taking 1 year in renovations instead of 4 month estimate (~$30k of lost income above assumption of 10%)2. $45k from several unexpected large repairs (water leaks, roof collapse, siding rot, plumbing main line, etc.)These issues are also causing me to rethink the assumptions in my model, increasing my vacancy rate from 8% to 12%, repairs from 5% to 20%, and capex from 5% to 20%.

I am not too far away in CLT and work frequently in the Asheville market.

The reality is people are making money in virtually every market.

Revenue approx $450K, 45% profit.I am posting here because I am seeking a partner who can assist with financing further developments, including purchasing land and building and selling (flipping) 6 villas this year.If anyone has questions about the real estate market in Bali or is interested in potential collaboration, please feel free to reach out.

I was wondering if buying a long term rental property with tenants already in place in a market that is up 20% yoy is a good investement or not. the rough numbers ive been running seem to have a decent cap rate but the house is about 15k more than the zipcode average.

The reason I ask is in my market appraisers often do not look up permits to determine a unit is legal if the unit appears to be legal.