All Forum Posts by: Anthony L Amos Jr

Hello everyone,

My name is Luca Giani, I am a real estate agent in California and together with a partner, we are looking to invest in a rental property out of state. We are looking at different cities/areas and one of them is Detroit.

What are we looking for:

- Single Family homes up to Fourplexes, max 160k, 20-25% down payment.

- Properties potentially able to generate CASH FLOW.

- A lender to work with that can assist us to get a DSCR loan to buy the property.

- A reliable management company that will take care of payments, maintenance, etc. in order for us to deal with our property/ies without having to be present physically.

We are looking, in the long/middle term, to invest in multiple properties so this could lead to multiple business opportunities for you and your partners (lenders, management companies, etc.).

Anyone willing to help?

My husband and I are new to investing outside of our hometown (we just have one duplex in central Indiana) and we're interested in researching markets outside of our area (ok with out-of-state as well). I am unsure of how one researches important investing aspects of a market, like ones that are linear, have ongoing population growth, economic diversity, and so on. Do you simply google these questions or is there a better way of researching these statistics? I just want to save myself the time and rabbit holes if there is a more "to-the-point" strategy and/ or website with this info? 

Thanks, from the Hoosier State

Hello BP, 

I'm currently analyzing multiple postings a day, looking for a great deal to make an offer on. Been at this stage for a week now, trying not to rush into anything but get a feel for different areas and analyzing deals. 

Iv noticed a trend where most multifamily listings have the rents much under market rent. For example a duplex that's currently renting for 650 a side on rentometer and online listings are showing that I can get 950 a side for similar properties. 

My questions are:

-why are these landlords not upping the rent? especially in scenarios like this where they'd be able to up rents 300 each side? 

-In some areas going from a 2 to 3 bedroom ups rents by 200-400. Is the process of adding a bedroom very strict in columbus? 

Hello All!

New here and trying to determine if it makes sense for me to find an investment property in my hometown or look for another market where there economics are more attractive.

Are there benefits to having your first investment near where you live if you plan to use a property management company?

When looking at markets: what are some things that indicate a strong market to invest in?

Thanks!

Hi all! I would love input on markets good for investment right now in 2022. I’m been looking in OH, but cash flow is a little under 1% rule and lead certification is making me to think twice. Any thoughts of good markets, landlord friendly and with cash flow? Looking to invest in SFM as well open to multifamily duplexes. 

Hey everyone!

I'm finally in a great position to get that first property under my belt. I have access to around 20k for a down payment. I work remotely, so I can move literally anywhere in the US where there's a great deal.  I'm looking to househack either a single family home with multiple bedrooms or a duplex. I have a number of markets in mind, but I'm open to anywhere where I can cash flow a bit or at least break even. I'm looking to close on something within the next 2-4 months. 

Would love to know if you have any lenders and/or real estate agents that you'd recommend in areas where you've personally invested? Would appreciate any recommendations! Thanks! 

Hi All,

I posted about multi-family back in February. I'm writing again because I've had no luck in finding a duplex to house hack. I'm doing seller letters, reaching out to listing agents to see if their sellers have properties off-market to sell, etc. I'm a Realtor in Columbus, OH but I'm not having any luck yet. What else can I be doing to get in front of the right people?

Thanks!

What is the best way to find a buyers list? New to wholesaling and I have a hard time finding buyers 

Hi BP members!

I need some direction while running my numbers for a deal analysis. When it comes to running the numbers, I know all of the basics such as using the sales price and finding all expenses associated with the property along with getting the rental income to calculate the NOI, Cap rate, and COC return, GRM etc.

What I'm really struggling with is knowing how to factor in the REHAB cost and how to go about that.

-Do I adjust the asking price downward for the costs of the REHAB in order to reflect the realistic offer price?

OR...

-Should I keep the sales price the same and adjust the closing costs/down payment section of my calculator since that's how much I will have to come out of pocket to close and do the rehab.

Or is there another method that I should consider?

Thank you very much in advance and happy investing!