All Forum Posts by: David Harsh
David Harsh has started 1 posts and replied 3 times.
Post: here are the best cap rate rentals in the USA
- Alexandria, VA
- Posts 3
- Votes 2
This was awesome!! I really really appreciate everybody that commented on cities to check out… @Linda Labbe and @Andrew Acuna and @Priyanshu Adathakkar and @Michael Henry and @Matt R. and @Engelo Rumora Since I am in a similar position would love to get your thoughts on the following: https://www.biggerpockets.com/forums/12-starting-out/topics/550738-looking-for-high-cap-rate-opportunity-where-when?page=1#p3343720
Post: High income earner seeking to quit his day job- What to invest in
- Alexandria, VA
- Posts 3
- Votes 2
@Vincent Meoli Thanks for posting this. It was a treasure trove of information! I really really appreciate everybody else that helped out @Lane Kawaoka and @Omar Khan and @Ian Ippolito Since I am in a similar position would love to get your thoughts on the following: https://www.biggerpockets.com/forums/12-starting-out/topics/550738-looking-for-high-cap-rate-opportunity-where-when?page=1#p3343720
Post: Looking for high cap rate opportunity; Where/When
- Alexandria, VA
- Posts 3
- Votes 2
Mortgage lender has approved me for right around ~1M for another property. I am looking for the best option right now to maximize my passive monthly income (Less concerned about appreciation) and intrigued by a commercial real estate loan to do this for me. I have two questions:
Which cities are the hottest right now? I am just looking for a good starting place to begin researching specific neighborhoods/options/realtors. I understand that some of the highest options for cap rate might also be riskier, more time intensive. I plan to use a PM and would prefer less involvement but don’t mind a having a defined set of renovations. With this in mind, are there specific cities that come to mind that I should look at? Cleveland and Oklahoma City are two that come to mind.
Should I wait until I have large lump sum to put 20% down on 1M (in 1.5 years) or buy now? I am of the opinion that waiting for at least 20% down payment is advantageous for interest rates (even though they seem like they will only rise this year). Looking at what money I would have for down payment, I am:
- Open to buying 300k property that would close no sooner than June 1st, 2018
- Open to buying 1M property that would close no sooner than next June, 2019
Part of me feels like it would be a good idea to buy now, take advantage of low interest rate, start smaller, and the other part of me is telling me to be patient.