All Forum Posts by: Account Closed

@Angelica Rivera

I can send you some market info and stats if you can tell me the general area. You should be seeing around 10-16 percent year over year in appreciation depending on the location.

I saw a multifamily property be purchased for 1.2 million in bitcoin in 2016 roughly around $2,500 per coin.....

Etheirum would be the most promising platform for integrating in the real estate market as it is an open-source, blockchain-based, decentralized software platform used for its own cryptocurrency, ether. It enables smart contracts and Distributed Applications (ĐApps) to be built and run without any downtime, fraud, control, or interference from a third party.
This can have many applications for the operations and sales transaction of real estate and provides the flexibility REI's need as well.

Have you considered the Charlotte, NC market? It is a great investment market. It has a major airport, lots of sports/activities, drivable to a beach or mountain on a Friday afternoon, strong rental and real estate market. The city itself is very nice, with lots of options for outdoor activities, restaurants, shopping, etc. There's a diverse economy with banking, manufacturing, healthcare, tech, real estate, along with other industries, which means the local economy is more robust than what you would find in other parts of the country.

CLT has had constant population growth for quite a while, which means continual demand growth for housing. Within the city limits has some pretty expensive (and increasingly so) areas, some pockets of the town and the suburbs (Concord, Huntersville, Belmont, etc) are far more affordable and offer better long term rental ROI. Within the city, you will find strong appreciation and solid ROIs for flips/new-builds and short-term rentals. Overall, we are experiencing appreciation from 10% to 16% year over year (depending on location).

I can help if you have any CLT-specific questions, feel free to DM me. I can help with any questions you might have about the market as I have investment experience with everything from large multifamily portfolios (250 units) to SFR'S with first time investors in NC and San Diego.

Have you looked at Charlotte, NC? It is a great investment market. It has a major airport, lots of sports/activities, drivable to a beach or mountain on a Friday afternoon, strong rental and real estate market. The city itself is very nice, with lots of options for outdoor activities, restaurants, shopping, etc. There's a diverse economy with banking, manufacturing, healthcare, tech, real estate, along with other industries, which means the local economy is more robust than what you would find in other parts of the country.

CLT has had constant population growth for quite a while, which means continual demand growth for housing. Within the city limits has some pretty expensive (and increasingly so) areas, some pockets of the town and the suburbs (Concord, Huntersville, Belmont, etc) are far more affordable and offer better long term rental ROI. Within the city, you will find strong appreciation and solid ROIs for flips/new-builds and short-term rentals. Overall, we are experiencing appreciation from 10% to 16% year over year (depending on location).

I can help if you have any CLT-specific questions, feel free to DM me. I can help with any questions you might have about the market as I have investment experience with everything from large multifamily portfolios (250 units) to SFR'S with first time investors in NC and San Diego.

Have you looked at Charlotte, NC? It is a great investment market. It has a major airport, lots of sports/activities, drivable to a beach or mountain on a Friday afternoon, strong rental and real estate market. The city itself is very nice, with lots of options for outdoor activities, restaurants, shopping, etc. There's a diverse economy with banking, manufacturing, healthcare, tech, real estate, along with other industries, which means the local economy is more robust than what you would find in other parts of the country.

CLT has had constant population growth for quite a while, which means continual demand growth for housing. Within the city limits has some pretty expensive (and increasingly so) areas, some pockets of the town and the suburbs (Concord, Huntersville, Belmont, etc) are far more affordable and offer better long term rental ROI. Within the city, you will find strong appreciation and solid ROIs for flips/new-builds and short-term rentals. Overall, we are experiencing appreciation from 10% to 16% year over year (depending on location).

I can help if you have any CLT-specific questions, feel free to DM me. I can help with any questions you might have about the market as I have investment experience with everything from large multifamily portfolios (250 units) to SFR'S with first time investors in NC and San Diego.

Depending on how much equity and profit you will be taking into the 1031 exchange you have to be aware of the fees. This might cut into the investment. For 1031 exchange you can put the proceeds into any investment or "like-kind investment"

Congrats on taking your first step in REI! I work with investors in the area and would be happy to connect you with some vendors as well. I just sent you a DM.

The whole point of going into the NC market is because of the growth economically and population-wise. The future economic outlook along with the population growth, explains why investors and businesses are coming to the state. If you look at the past 5 years for the state, you can see the drastic change. The investment properties are not just appreciation plays, and you are leaving out the fact that they cash flow heavily and have a lower barrier to entry suited to newer investors or those looking to add multiple units to their portfolio. Just going by LTV and appreciation is not the whole picture. Year over year for the past trailing five years, they are similar in appreciation and looking toward the future; this will only increase exponentially.

You are leaving out the additional bonds and other props that drive the current SD tax rate to 1.22982 https://www.sdttc.com/content/ttc/en.html# .

Info for NC taxes https://www.ncacc.org/193/Property-Tax-Rate

Also, you are not comparing apples to apples when it comes to eviction rates. Of course, the SD rate will be lower as eviction will always be the last option in that market. The time it takes for notices and prepping the eviction case takes a very long time and will be an uphill battle unless the tenant has seriously messed up (let alone the cost of a lawyer if needed). In reality how many people are giving cash for keys and have missed payments on their rentals and try to get the tenant to vacate the property. People either take the cash for keys or leave the property and write off their security deposit. How many of those occurrences are reported? I would not take the time to go and report that I lost 3k on rent and had a tenant leave the property with the trash left on the inside.

In NC a 30-day eviction is considered standard and one of the first options on the table. Not the last so the comparison does not work.

Hey, I noticed that you are looking to invest in the Charlotte Market. I am part of a team that works with investors and we have contacts with lenders, contractors, etc. I would be happy to help you and connect you with them!

The main thing is having a team in place with the correct expectations and numbers for the local market costs and dynamics. 

Charlotte, NC is a great investment market. It has a major airport, lots of sports/activities, drivable to a beach or mountain on a Friday afternoon, strong rental and real estate market. The city itself is very nice, with lots of options for outdoor activities, restaurants, shopping, etc. There's a diverse economy with banking, manufacturing, healthcare, tech, real Estate, along with other industries, which means the local economy is more robust than what you would find in other parts of the country.

CLT has had constant population growth for quite a while, which means continual demand growth for housing. Within the city limits has some pretty expensive (and increasingly so) areas, some pockets of the town and the suburbs (Concord, Huntersville, Belmont, etc) are far more affordable and offer better long term rental ROI. Within the city, you will find strong appreciation and solid ROIs for flips/new-builds and short-term rentals. Overall, we are experiencing appreciation from 10% to 16% year over year (depending on location).

I can help if you have any CLT-specific questions, feel free to DM me. I can help with any questions you might have about the market as I have investment experience with everything from large multifamily portfolios (250 units) to SFR'S with first-time investors in NC and San Diego.