All Forum Posts by: Ashton Levarek

Hey @Tim Lynch

Couldn't agree more. We live in the Portland, OR area and all our investments are in Raleigh, Durham and Fayetteville NC. NC has proven to be an excellent place to invest in, in fact Raleigh and Charlotte have repeatedly turned up in the top ten list of places to invest in real estate across the nation. This is primarily due to the job growth, population growth and unemployment rates, which have historically remained better than the national average over the last few years. These factors are largely driven by the cost of land and property being gobbled up by larger companies moving here to do business .....but being a landlord friendly state helps as well. Check out 

https://www.forbes.com/sites/ingowinzer/2019/01/07/2019-best-markets-for-real-estate-investments/#23048b0f71f5

- https://www.mashvisor.com/blog/best-places-to-invest-in-real-estate-2019/

https://finance.yahoo.com/news/best-worst-cities-own-investment-090000378.html

Hope that helps, best of luck. 

Anyone interested in meeting this week to go over how we analyze larger multifamily deals?  I can share the software I use, how it works, how I get all the information, what makes a good deal, etc? 

Hit me up if you're interested.

@Matthew Keaton

Yeah, interesting concept and I can see why new investors might be attracted to it since everyone seems to think you need to have money to make money. Personally I align more with what Grant Cardone says, in not so many words he advised that if you have a minimal amount capital don't invest it in anything but an education.  Become an expert in a field, market, or niche, and then leverage your knowledge, add a little hustle and grow your wealth. Pretty simple really.

Example - Buy the equipment to start a podcast and interview people in a certain field, now you've not only created a brand but you'll be the thought leadership platform for whatever that market or niche is. People will come to you as the subject matter expert and invest in you.

Or invest in a wholesaling education, you'll grow that 500 bones faster that way than you'll ever do with a $500 dollar investment making 18% a year. 

Or partner your education with someone else's capital. 

Or buy a multifamily deal analyzer for apartment syndications, become an expert, and find a team of would be syndicators that need someone that knows how to analyze deals. Then offer to find and analyze deals for them if they write you in as general partner. You don't even need to bring any money to the deal but you could potentially receive a potential of the acquisition fee, equity in every deal they do, cashflow off the rents, tax benefits, a percentage of the sale profits, aaaaand get your name written into some enormous million dollar acquisitions (which will lead to much much more than any of that cash). 

Think about it, stretch that money. You want real returns, you're going to have to work for that Return on Investment. 

Hope that helps. Best of luck.

@Wanda Wilkinson there may be a window in living room but you are totally right on needing to bring more 'light' into the kitchen itself.  Great tip for under cabinet lighting.

@Jill F. so we are trying to budget 2-3k per unit - of course, some may need more than just updating once tenants are moved out so trying not to get to crazy expensive with this one since it looks 'good & functional.'   and yes, we are hiring out to get this done.

@Mike McCarthy yep, was definitely wanting to add some hardware--thanks for idea of adding some peel/stick tile for backsplash!

forgot 2nd pic--here it is

Hi guys!  Looking to do a soft remodel on outdated kitchen.  First off, yes, wallpaper is going (still debating between painting over OR taking off, redoing drywall & painting fresh)  

What do I do with the cabinets (besides maybe adding hardware?)  Do I leave them? repaint w/fresh coat? take out & add new ones?

Countertops-Should I leave as is or install new ones?

Again, all is functional but outdated. Also this is for a rental and there are 12 other units that look similar so a budget is in place of course.  

Unfortunately i'm not too familiar with the Ohio market but for North Carolina, yes that would be high. For that type of property we are seeing around 4.7%-4.9% with 25% down, and that was a couple months ago, its probably lower now. Maybe shop around more, are you going through your personal bank in WA, a bank local to the property in Ohio, or are you using a mortgage broker? Depending on who you work with you may get multiple answers.

Hope that helps, good luck.