All Forum Posts by: Dennis Nikolaev

Thank you for opening my post.
I'm about to start looking into my first multifamily (10 doors).

Now picking a metro area. 
A big decission, because if all good I'd be likely to get the next property in the same location. Really hard. However, after considering the metrics and local relationships my research points me to  2.1 options:

1. Tampa, Fl

2. Huston, TX

2.1 (a back up) Charlotte, NC

All apparently show a good job and population and income growth. With pockets of mildly affordable areas.
However, now I am at the impasse, witch one to pick.

Witch state is more investor-friendly (taxes, lows, insurance)?

If you were buying your first multifamily, with one out of these 2.1 would you pick?

Dennis

Wow, So it may work out to buy a multifamily property and make it into a full on hotel?

It makes sense. Stabilize and refi, then STR

Thank you for opening my post.

I am getting ready for my first (out of state) 10 unit multifamily. I read that short term rentals may yield a better return then norma leases l. I read that some investors convert a few units in their MF for STR and are doing well.

That is all very interesting but is it possible to manage such an arrangement Out of State?

Is it possible for the same PM company to manage both long and short term rentals ?

Dennis

Me too. I'd love to know if the story has happy ending. 

@Art Perkitny That is a hell of a lot of juicy info. Carolinas start to overshadow Florida. A huge influx of people, low prices.

Myrtle Beach is just amazing

@Nigel Prentice Huge thanks.

@Steve Barkley I read your message and feel that you need cash now vs equity later. It really helps to write out our questions just to see what kind of words our brain pics.

It seems like the first team member in the new market is PM 

than an agent and a lander about the same time followed by a contractor.

Choosermg.com Scott and Donna Engle.

Have you heard of them?

We are currently negotiating terms to manage my 6 unit portfolio in SD.

I appreciate any feedback on that company. 

If nothing, what is a great PM in SD and what are the fees ?

@Eric aiming for 10 doors to get my feet wet.

second round will be aiming at 30 to 50 doors.

@Curt

ouch, I was hoping the ARVs go by CAP rates and stabilized income.

The glitch of REFI seams to be the most common problem in multifamily BRRR.

Imagine obtaining hard money and then not being able to pull out the equity from a repositioned project! Or grossly overestimating the After Repair Value?

Disaster.

I am getting ready for my first multifamily foray. I scrambled enough cash to buy and reposition my first Multifamily building.

I'm starting to really stress out as I see many people not being able to refinance their properties for various reasons. 

I wonder if there is a good way to predict the chances of refinancing? and predicting ARV?

How do you do that?

The idea I currently have is to show the final deal (before buying) to a mortgage broker and ask if such a property can be Refinanced after repositioning.

I'm just not sure if any broker would be willing to offer such advice.

So, how you predict future refinancing? ARV?

Dennis