All Forum Posts by: Bryant Clark

@Brian Mackey Not yet. It's in Dixie off of Plank Rd. I've been looking into a couple of other opportunities and financing options for those. There could be some revitalization efforts happening for that corridor that could improve the area but I'm trying to figure how much it will actually impact the area.

@Langston Carr Perhaps more conversation needs to be had with the seller to learn a littlw more about what they want. I love the idea of seller financing but if they want to be done with the house seller finance probably won't be a good fit. Having numbers already showing a possible seller finance is a good idea in case the conversation heads in that direction.

@Marc Rice Thanks for these extra points. The tenant pool thing is big for me. While there's already a stable tenant in there now I know that can change quickly so definitely puting some weight on that point. That's one of the reasons I want to find a good prop manager...to help screen and find a decent tenant in case the current one leaves.

@Marc Rice Thanks for the advice. You're correct, I am concerned with the neighborhood but willing to manage those risks considering the cash flow. I wanted to make sure that I wasn't forcing it just because of that. Sounds like there's a little more due diligence needed, but the downsides aren't deal killers. Thanka again for the quick reply.

I'm looking at buying my first property and have an investor friend who's looking to downsize his portfolio. The areas he invests in are C/D neighborhoods but he has done very well with them. He's done some major renovations on this one, it already has a renter in it, and has pretty good cash flow with a CoCR of about 32%. Additionally he's willing to owner finance 30k with me putting down 10k. Also, the lot is large enough to fit another house on so there's a possibility of fitting a modular home in that space.

The down side is the neighborhood, there won't be much appreciation, and only about 5k of equity going in. Also, the prop manager I wanted to use drove by and said it does not meet his min requirements to manage it (not quite sure what that means so need more clarification from him). I'm trying to balance that perspective and what I know about the neighborhood against my friend's success and his willingness to owner finance.

I'm wanting to use it for the cash flow to help save for another property, and to a lesser degree to just get in the game. I obviously don't want to get in the game at the detriment of my finances so looking for some advice on how you guys would proceed. Thanks for any help you can give.

@Greg Moore I can appreciate those points. And I'm not entirely opposed to crypto investment. But as others have mentioned it is very speculative and the best recommendation I've seen is play with money you are completely willing to lose. This whole thing feels like the Dutch tulip bubble way back in the day. Crypto is a contract with no tulips :). The underlying tech is important and useful, but I'm not sure that's what people are buying into when they buy a BTC. Between all of the other crypto out there and, to your point, a government being able to declare a "backed" crypto, current crypto seems fairly vulnerable. That said I'm thinking about throwing a nominal amount of money at it to see how it does. Aside from investing is anyone taking crypto as rent payment?

I love the idea of crypto but am weary of the underlying asset that drives its value, which as far as I can tell is nothing really. When I buy a stock investing in the business underneath. With RE I'm buying the land, building, and cash flow/appreciation with it. I can appreciate the block chain tech and can see value in that but that's not what I'm buying into when I'm buying BTC is it? What is the underlying asset that is giving BTC its value?

I am evaluating 5 or 6 markets and looking to narrow down to 2 or 3 to learn and invest in.

What metrics do you guys use when comparing different markets to each other to identify the ones with the most potential?

Aside from hard comparison data, what anecdotal wisdom do you apply across a list of markets you're considering to decide which one to focus on?

Thanks for any guidance you can offer.

Thanks @Kevin Romines. That's a good idea to call local title companies. Cheers! 

Thanks for the advice and such a quick reply @Dalyn Hazell. I'm the same way in that I want that close relationship, especially with my funding person. Cheers!