14 August 2020 | 0 replies
Definitely a working class, cash flowing city. https://www.commercialappeal.com/story/news/2020/08/13/liberty-park-new-remake-mid-south-fairgrounds-hotel-venue/3344028001/
8 December 2022 | 23 replies
This is the resource I used, along with various other websites/articles.
26 November 2022 | 8 replies
Glad to hear someone is doing well, I agree; been hearing a lot of bad news recently on rates and revenues.
5 December 2022 | 16 replies
I found an article in the news supporting what he said but was the first time I’ve heard of that.
20 November 2022 | 1 reply
@Dave Meyer wrote this interesting article supposing inflation has peaked, and interest rates seem to agree with him.
24 November 2022 | 13 replies
Further due diligence would need to be done.The good news is, there could potentially be maybe $160k of equity upside and assuming the property had significant unlevered cash flow, you now dont have a mortgage/debt risk to worry about and then can refinance out in the future if rates drop.
4 December 2022 | 12 replies
You don’t want to count on growing equity (especially in multifamily properties).Read this this article for more information https://thecollegeinvestor.com...Good luck!
28 November 2022 | 4 replies
Some good news: year over year inflation numbers will improve since inflation really picked up last fall.
25 November 2022 | 18 replies
I assume you mean GC--in which case, it's worth reading up on the topic of how find, screen, and manage GCs (this topic has been covered on BP, and there are probably many online articles, youtube videos, etc. on the topic...there are probably also books on the topic)....maybe getting more specific on what you're looking for could be useful...Regardless, 25 flips in 1 year would obviously require a lot of experience, a lot of liquid capital, very well-refined systems, and an A+++ team of boots on the ground...plus, extremely conservative underwriting and a very high risk tolerance, given the current market dynamics....on the bright side, as the economy slows, labor may become cheaper and more readily available (in fact, I'm already hearing anecdotes that tradespeople are already becoming more available).Good luck out there!
30 November 2022 | 10 replies
., etc.In other words, it's not really possible to give you much of an answer to your question without knowing more information...If you post the relevant details, then folks here will definitely help you out. ...in addition to describing some of the details I mentioned above, I'd suggest posting a financial model of the type of property you're considering (including downpayment, rate, mortgage payment, rent income, and all other relevant income and expenses)....if you're not yet sure about those details, then I'd suggest studying up on real estate--listen to BP podcasts, read articles, study the forums, watch YouTube videos, maybe even buy a book on the particular investing strategy you're interested in (since you're a beginner, I'd highly recommend reading up on house hacking).