All Forum Posts by: Greg Scully

@Ben Tilbury. I'm actively pursuing 20-50 Unit properties in Tucson. I'm not a resident, but have ties there and have toured the market. In short, the fundamentals look good. Take a look at the HUD link below. It still an emerging market. I think it offers good opportunity.

Comprehensive Analysis

@Mark Dawsey For me population growth is one those rule of thumb indicators.  If there is out migration I quickly rule that market out and move on.

@Elliott McLeod I am looking to acquire.  I am not currently holding in the market.  I'm an out of state investor looking for rent ready small multi up to a four plex.  

I'm looking at the Spokane market specifically for student rentals.  Can anyone recommend a property manger who works specifically in this sub category?  

I just got under contract for a turn key SFR in Memphis. Although this will be fully rehabbed I would still like to have a home inspection. I'm an out of state buyer and would prefer to work with someone who has experience with long distance investors. I thank you in advance for your recommendations.

Greg

@Engelo Rumora I sent a follow up to @ohiocashflow.

Thanks

I have begun looking at Toledo as market to invest in multi-family apartments.  I would appreciate any referrals to top quality property management companies.

Thanks,

Yes you can.

Add the costs of the HVAC to the loan and have the seller credit that amount back to you at closing.  

@Anthony Palmiotto  Can you expand on "ideal return" for me.  

I understand that you should buy on actual performance. Based on local CAP rates and it's minimal NOI this place should be worth 220k.

It seems like the asking price is based partially on the completed rehab, which I don't agree with.