Real Estate Agent · Surf City, NC · Member since 2017 · 648 posts · 597 votes
6y
I am continuing to buy properties and help others do the same. Most investors that I am working with are targeting the B-C class neighborhoods and house hack properties. I just closed on our latest house hack deal a month ago and couldn't be happier!
I also stopped watching the news a few months ago which has helped a lot with my sanity haha
Real Estate Agent · Dallas, TX · Member since 2020 · 28 posts · 28 votes
6y
@Susan Tan
@Susan Tan If you are interested in Dallas area for primary residence I would be honored to assist. Being an investor myself, I can also help you in that arena as well.
I am still buying but the numbers must work for rental. Not doing any speculating that market appreciation will be continuing nor am I going to do any flips right now.
Numbers are working all day long in the booming Detroit rental market where the wise purchase is always primarily based on high positive cash flow. Message me if you are interested in some of that as well as the best rent to value ratio in the country. We have countless referrals from happy Out-of-state clients also to share with you if your interested.
Property Manager · Henderson, NV · Member since 2018 · 501 posts · 317 votes
6y
I am not worried about the eviction moratoriums and some of the other headwinds. I had been worried, but I think in the next 60 days there is going to be more guidance on how to live with the new normal in property management. There is some opportunity here in Las Vegas and Henderson as we continue to have growth (outside of the strip). I like everything that is happening in Henderson, nearby the Raiders practice facility.
@Michael Myers Hi Michael ... I am new to all this... how are you helping others? I’m in Brooklyn... don’t know how to get this started ...
What do you think about Wholesaling?
Either way thank you!
Hi Caroline
I'm just as new as you are :). I haven't even done my first investment yet so unfortunately I don't think I have anything to offer to help other people yet. It looks like for me I'm going to be starting this out by myself unless I can find a partner but it's okay.
Wholesaling is good as long as you can get enough good deals and find buyers who are willing to buy you're marked up prices on the properties. I have no problem buying from a wholesaler so long as the return on investment aka ROI is 10% or higher.
I suggest researching one of the strategies (BRRRR, Flip, Buy and Hold, or Wholesailing) and try one once you find a deal in your area and get opinions from here
I think to start out you might want to start joining the BiggerPockets free live webinars. They are hosted by the BiggerPockets CEO Brandon Turner. Join them here
I know it sounds like I'm selling their stuff but I'm not affiliated with them. I think this website and their resources has helped me somewhat gain an understanding of how to be a real estate investor or REI.
Rental Property Investor · New Orleans, LA · Member since 2020 · 22 posts · 12 votes
6y
@Paul DeSilva I feel like the workers who lost jobs early on were in a particular class. I'm concerned about the ripple into other classes that we are seeing. My properties rent for a rate where it may end up a recovery situation for someone downsizing but I'm pretty confident I can get them rented wcs.
My concern is ever having the ownership of my property management decision rights returned from the feds. If I can't get em out I can't turn em over.
Rental Property Investor · Saddle River, NJ · Member since 2020 · 22 posts · 24 votes
6y
@Paul DeSilva
I just closed on a unique buy and hold in New Jersey. 2 separate homes on 1 property in a very nice neighborhood. The property was an estate sale and was well maintained but dated. Will start minor Reno today and get it rented out.
I'm in DFW area; if it's a deal I'm still buying. I do a super diligent background check to make sure that they can afford the property. I'm grateful that all my tenants are still paying.
We are also still buying. Super due diligence is key now and always. Likewise, our tenants have been amazing!
Im closing on a 4plex in Cincinnati, OH in a class A+ area on Sept 14 soon. Then, I'll find a primary residence in TX or FL, where I currently buy & flip notes.
Congratulations, we are closing on a 4plex on September 15th. Good luck with your ventures!