All Forum Posts by: Felix Cheng
Felix Cheng has started 1 posts and replied 5 times.
Quote from @Kushaal Malde:
@Shannon Park I live close by in the bay area as well and invest OOS in Northeast Ohio. Would be happy to discuss how I narrowed my search but it involved the following features: 1. diversified economy, 2. population density, 3. rent to price ratio, 4. landlord/business friendly.
Hi @Kushaal Malde can I DM to ask how you narrowed down to Northeast Ohio and how your journey has been?
Thanks
Quote from @Joe Hammel:
@Shannon Park
Metro Detroit.
Purchase: $80-$140k
Rent: $1100-$1600
Roi: double digit
Cash flow: $200-$400/door
Appreciation: double digit (right now)
Vacancy: 3-4%
Markets: B, C+
Ring cities of Detroit.
I love my portfolio here. Rest of the nation is struggling for cash flow and it’s everywhere here.
Hey Joe, it's great info.
I have one question tho, when I looked up, I found the vacancy is like 8% in Detroit, does it mean only the Detroit proper? and how is the job market + population growth given the city has been in decline for the past decades. Thx
Post: Looking to connect with RE professionals in Raleigh/Durham NC
- Posts 5
- Votes 5
Quote from @Chad Gray:
Hey Felix,
Raleigh is a great area to live and invest in but you're right, cash flow is hard to come by. A house down the street from me sold for 450K to a Japanese hedge fund only to be rented out for 2K. Not the kind of return that I look for but I'm also not a hedge fund. Check out some of the tertiary markets like Garner, Knightdale, Zebulon, Wendell, Apex, Wake Forest, and Roolesville. It should be a little easier to find better cash flowing properties here that will still capitalize on appreciation, albeit probably not at the same rate as Raleigh. Mebane is also becoming a popular place to invest. Feel free to shoot me a message if you want.
Hey Chad, thx for your input.
Yes, I just DM you so I can listen to what you think.
Post: Looking to connect with RE professionals in Raleigh/Durham NC
- Posts 5
- Votes 5
Hi, I'm trying to invest my first property.
Given I'm priced out from my area (SF), I am looking to invest in Raleigh/Durham area.
I've done a bit of research and know the area is with lots of high-tech jobs as well as diverse and plentiful of employment growth.
However, like lots of boom-towns, it is getting hard to find something with cash flow.
Could anyone be willing to give their 2 cents?
Much appreciated
Quote from @Nick Giulioni:
Hi Shannon, I'm from California but started my real estate journey here in Indianapolis. Now, I have almost a hundred doors. I would love to help/share my experiences and chat with you more if you're interested.
Hi Nick, I'm just starting from CA. I would def love to hear your story if you are willing to share.
Much Appreciated :)