All Forum Posts by: Matthew Mason

Hi Everybody

I am looking to make my first deal this year and was wanting y'alls suggestion on what to look and what is the best way to finance the deal, if it is owner financing or getting a loan from a bank. Would it be better to get a property management group to help me with the home or do the maintenance on it myself? Where should I  go look at to see how much I  should rent it for or should I just get a couple of comparable and make my rent competitive with them in that area? 

Thanks

@Ean Savoy Thanks for the input. Thats what i am also worried, i think the area is becoming over saturated with condos and apartment. I have been looking in prairieville. The university is growing like crazy though

Thanks @Ben Leybovich that really does sum it up. All of the comments really help and open up new questions I need to ask before  buying a rental property.

so if the 2% rule is not that accurate, which would be a more accurate rule to find rental property or does it depend on what works for you?

Can somebody Explain to me the 2% rule?

@Devan Mcclish 

Im still working something out to figure out what I  want to make on my cash flow. Im mainly on working on buying and holding right now. The transitional neighborhoods are the one I am mainly looking at right now.

What would be better starting at the higher end of your price point or going with the average price for a rental property? Would it also be better to look in a neighborhood that is well established or a brand new neighborhood

GEAUX TIGERS

Thanks for the advice. Perkins is the main area I'm looking around and bluebonnet extension also. 

@GL L.

that's what I'm hoping for.

@Bhekizwe M.

@Jay Hinrichs yea, thats what I'm hoping for. The realtor has been very helpful.

@Robert S. what do you mean testing?