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Updated over 5 years ago on . Most recent reply

User Stats

164
Posts
85
Votes
Tommy Adeoye
  • Investor
85
Votes |
164
Posts

Better way to find an investment property

Tommy Adeoye
  • Investor
Posted

I spent about 5 hours looking for properties on rental.com, zillow and redfin, My niche is multifamily and I have decided to kick off with house hack. I looked up the midwest - Kansas city, MO, St. Louis MO, Nashville, TN and went as far as Austin, TX. The rental calculator on BP keeps giving me a negative coc %. I'm either calculating incorrectly or I have to dig deep to find them. I am thinking about investing in direct mailing but I'm too green to handle those. Any Ideas?

  • Tommy Adeoye
  • Most Popular Reply

    User Stats

    1,410
    Posts
    1,230
    Votes
    Twana Rasoul
    • Real Estate Agent
    • San Diego, CA
    1,230
    Votes |
    1,410
    Posts
    Twana Rasoul
    • Real Estate Agent
    • San Diego, CA
    Replied

    @Tommy Adeoye I like that you have decided to start off with house hacking. When you do so, you are going to be moving into one of the units assuming you purchase a 2-4 unit property so you should look in the areas you live or want to live. Find a local Realtor who is also an investor to help guide you in your market and look at the numbers with you.

    Best of luck!

    • Twana Rasoul
    business profile image
    Compass
    5.0 stars
    115 Reviews

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