All Forum Posts by: Brian Piechocki
Brian Piechocki has started 8 posts and replied 46 times.
Post: PropStream or DealMachine?
- Atmore, AL
- Posts 47
- Votes 13
Which platform do you prefer for identifying existing landlords? I used both to look for off market properties in the past, but I have not used for property management marketing/sales.
Post: Seeking a Qualifying Broker for Property Management
- Atmore, AL
- Posts 47
- Votes 13
I passed the Alabama real estate on April 6th. I'd like to start a property management business serving Atmore, AL and the surrounding areas. Are there any Alabama qualifying brokers who might be interested in sponsoring me?
Looking forward to connecting!
Post: Beware This Financial Pitfall
- Atmore, AL
- Posts 47
- Votes 13
Makes sense! I went to graduate school in DC, so I'm a bit familiar with the area.
Post: Beware This Financial Pitfall
- Atmore, AL
- Posts 47
- Votes 13
Quote from @Chris Seveney:
Quote from @Brian Piechocki:
Why would anyone buy an investment property where the rental income doesn't even cover the mortgage payment?
Most properties we buy do not cash flow but after 5 years if we would have sold we would have made more money than other markets that do cash flow. I am in DC area and you typically do not cashflow from the start, but within 3-5 years you have cashflow and appreciation.
Thanks for the reply, Chris. I anticipated the answer would be appreciation. However, doesn't that increase the risk because it's speculative? Have you run into a situation where the property took longer than 5 years to cash flow or didn't appreciate as anticipate?
Post: Beware This Financial Pitfall
- Atmore, AL
- Posts 47
- Votes 13
Why would anyone buy an investment property where the rental income doesn't even cover the mortgage payment?
Post: Best zip codes for investing in Huntsville?
- Atmore, AL
- Posts 47
- Votes 13
Just curious - what tool are you using to create these graphs and tables?
Quote from @Devin Conley:
Hey @Gloria C. -- lots of factors to consider (including your personal strategy), but here are a few high level metrics to compare the most populous zip codes in Huntsville
Welcome to drop me a message if you are interested in checking out the full report
Post: is it a good time to buy single family rentals in Huntsville?
- Atmore, AL
- Posts 47
- Votes 13
Quote from @Stacey Bochenski:
Quote from @Brian Piechocki:
I grew up in Huntsville. A friend of mine who still lives there said he couldn't believe how many houses are currently for rent in 5 points and Old Town. Any chance it's oversaturated with rentals because of the tremendous growth and press? I have no doubt the properties will appreciate over time though. Great city
Post: is it a good time to buy single family rentals in Huntsville?
- Atmore, AL
- Posts 47
- Votes 13
I grew up in Huntsville. A friend of mine who still lives there said he couldn't believe how many houses are currently for rent in 5 points and Old Town. Any chance it's oversaturated with rentals because of the tremendous growth and press? I have no doubt the properties will appreciate over time though. Great city
Post: Investments in Alabama small towns?
- Atmore, AL
- Posts 47
- Votes 13
Curious about progress as well @Bobby Dailey. I'm based in Atmore, AL and currently looking in Bay Minette, Atmore, and Mobile. Atmore is basically out of convenience, as I don't feel like the market will appreciate like others but cash flowing rentals are attainable.
Post: How do you know if a property is better as a rental or a flip?
- Atmore, AL
- Posts 47
- Votes 13
Would you flip a house in a market you wouldn't be comfortable holding long term? Have a potential fixer upper, but I'm not sold on the area's long term appreciation potential.