All Forum Posts by: Alyssa Dyer

@Trevor Neis what are taxes like in Manhatten? I'm also curious what rent to value ratio would look like there. Are you banking on appreciation of hoping for cash flow as well? 

@Justin Gomberg in order to refinance and pull all of your money back out you typically do have to buy undervalue in order for the numbers to work out. You can get away with not buying undervalue and pulling some of your money back out or not pulling money out at all but just cash flowing at a higher rate, if you buy the right property! 

@Tia Wilson both markets are similar. I love OKC but I'm biased! Happy to answer questions. Congrats for taking the first steps!! 

@Steve Sorensen Most of the investors I know work with The Hines Team at Cornerstone if they want a local super flexible lender. Her min loan amount is ~40k. Those looking for the most competitive rates almost always use Aaron Chapman with Security National. Happy to send over contact info or make intros. 

@Matt Byrne Almost all of the sellers I've worked with in the last few years are investors that are downsizing their portfolio. Most of the time people are needing cash for something like another business venture or a bigger easier investment. I see a lot of people cashing in and moving to commercial. I also see older investors getting out of the game and people who jumped in and realized that real estate is not their ideal way to make money. Hope that's helpful! 

I've got quite a bit of unsolicited feedback about my team from different clients. We often get great feedback, but it's been more prevalent and specific. Nothing like telling a new teammate that someone personally recognized them and that the whole team is grateful that they're working with us. I'm just so so proud.  

@Marcus B Hsu great overview and solid lessons learned. Thanks for sharing! 

@Justin Gomberg in my market I see most OOS investors doing exactly what @Kathy Henley outlined. OKC is a very stable market and even in the last downturn, our property values in b and c class didn't drop much. We also held our rent rates throughout that time. So, investing in a more stable market might be a safeguard to consider! 

I like Lee's advice! That's a perfect property. In our market, you sometimes have to settle for lower price point and single-family (it's just a super single-family dominated market) but hitting 1% with a basic cosmetic remodel is ideal. Also, taking a higher return/even lower purchase price so you can do a light cosmetic remodel yourself is an option as well. 

@Deniqua Antoine house hack, snake your sewer line & know someone that knows what they're doing!