Account Closed
Choosing the right market to start
27 February 2024 | 30 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Ashley Wilson
MF Case Study Update
26 February 2024 | 2 replies
I did a high level comparison where we differed in our underwriting and here are the results:1) Rents: They projected over $300/unit rental gains, whereas we projected $140.
Holly Ross
Getting started with $50k / no debt?
27 February 2024 | 36 replies
I know without a doubt that the ARV would be high (well kept houses go for 500k or so in the area) but my realtor thought that unless they were selling it for 20k, the reno costs would be too much to possibly break even.I reached out to an investor-friendly realtor locally to see if they can help guide my thinking here.
Rich Todd
Who to partner with in the Triangle area to complete a development on 93 acres
23 February 2024 | 6 replies
I own 93 acres with a fully stocked, private large pond/small lake in a coveted area of the Triangle in NC where you can't find this much acreage available, and I would like to know the best way to partner with a development company or other organization to create a high end, beautiful community on this site.
Jocelyn Hinz
Mobile Home Park
26 February 2024 | 7 replies
Those are relatively high lot rents though so probably not much upside.
Mat Chu
150K single home properties in Greensboro/High Point
23 February 2024 | 2 replies
Hey guys,I`m looking for buy&hold single home properties, using budget of 150K at most for a property, in Greensboro/High Point area.What are the recommended neighborhoods to research?
Yaakov S.
17 trying to figure out what to do.
25 February 2024 | 10 replies
I'm 17 years old, I've graduated high school and currently doing an accelerated college degree. in the meantime I'm working a full time job/ a few side Hustles and a budding business.
Robert Mendenhall
Older area home issues
26 February 2024 | 16 replies
Always just assumed the cost of entry was too high.
Michael Primavera
Seeking Guidance/Information on Section 8 Rentals
26 February 2024 | 20 replies
I have had an interest in rental properties for quite some time, but I am nervous and still feel unprepared to own/manage being a high quality landlord.
Dan Durusky
Moving, sell or rent old house?
26 February 2024 | 4 replies
The problems I see are:Rent is a low percentage of the house value, so not optimal use of this equity/capital.Property taxes are high due to the higher house valueMy costs would be a baseline of $2700+800 = $3500 plus maintenance, unoccupancy, etc. so basically breaking even cash flow for 12 yearsIf/when we sell it, we'll owe capital gains tax since we wouldn't have a "new" house to 1031 into.