All Forum Posts by: Aaron Howell

Amazing what constitutes racism theses days.... Racist/Racism is probably the most misused/misunderstood word in the English language.

My interpretation of the Ultimate Guide has always be a SUGGESTION of risk vs. reward as an investor. I've bought in several zip codes since 2015 and my tolerance for risk has changed over time. In May I briefly had a 5 unit under contract in the 44102 zip code. I knew the property would be a little tougher (turnover, CAP EX, etc) than some of my other properties but I was willing to take that risk. Ultimately the deal fell through b/c the owner had a IRS tax lien on the property but my insurance quote on a $89,000 property was $4000/year so I guess the insurance company is racist too b/c they too assessed risk vs. reward. I asked why it was such a high quote and they responded that it was b/c of "theft, arson, fraud claims in that zip code." That is why the area is red on the map.

If you're offended (or fake offended) by the Ultimate Guide then that's on you.  I don't believe there was any offense intended and some Hack writer trying to drum up readership doesn't surprise me.

@Carrie Smith Welcome to Bigger Pockets and Charlottesville's super hot Real Estate market !  Cashflow is tough in Charlottesville for Single Family Homes.  You may find a two unit here and there that can do well or look into investing at a distance.

There is a meet up monthly on Meetup.com for local investors.  You should check it out.

So do tenants pay gas or owner ?  Video says owner pays but pro-forma above says tenant ?  

Welcome @Logan McCaughan !  If you want to catch up for coffee sometime I'd love to meet up with you.  

Sure 

@Alexander Stromberg welcome to Bigger Pockets ! You’re in the right place. There is a local Real Estate meetup soon in Charlottesville. It’s a great place to network. Join me at October 2018 Real Estate Investor Meetup!! http://meetu.ps/e/FPrV2/zCpK9/a

It all depends on how much you want the property.  

Mold is fixable and for $1500 you might look at the upside down the road and weigh your options.  In a hot market the seller may feel like she/he can find another buyer who's not worried about the mold and remediation expense.

Sean ... interested in some of your listings you've posted.  I'll email address above for more info.

Welcome @James Seed !  You're in the right place to learn about real estate !!  I have several friends who're thinking about getting started in real estate also and I always suggest buying a multi-family and living in one unit and renting the rest.  You'll have less of a down payment and build equity faster that way.  Cleveland is an awesome place to do this in.

How long after purchasing a property in Allegheny County, PA do real estate taxes increase ?  I'm looking at the pro-forma on an offering memorandum and the taxes are based on the purchase price a couple years ago/assessed value.  The property has been rehabbed and only assessed at $17,800 but now selling for around $210,000.